AUDUSD DOWN DUE TO AUSTRALIAN RETAIL TRADE DATA

signalsgowin.com–The Australian dollar fell against the U.S. dollar after a better than expected retail trade data announced. The November retail sales rose by 0.7%, the departmental store sales declined 2.0%, cafes, restaurants and takeaways food services sales grew 1.1%. The November building approvals in Australia, which fell by 1.5%, the private house approvals in November rose by 6.0%, the value of the buildings approved rose by 2.3%. China’s consumer prices for December rose 2.5%, in November the prices rose 3.0%. The producer prices were down 1.4%. Japanese consumer sentiment worsened in December, the consumer sentiment diffusion index fell 0.9 points to -9.2. AUDUSD traded at 0.8873, down 0.29%, USD/JPY traded at 104.90 up 0.05%, NZD/USD down 0.23% at 0.8246, EUR/USD down 0.01% at 1.3573. The dollar firmed after payroll processor ADP reported that private-sector nonfarm payrolls rose by 238,000 in December. The numbers fueled hopes that the official December jobs report due out on Friday will meet or beat expectations as well. The FED decided the fate of its USD75 billion bond-buying program, Wednesday's data fueled expectations for the U.S. central bank to scale down purchases even further this year. FED bond purchases aim to prop up the economy by suppressing long-term borrowing costs, weakening the dollar as a side effect as long as they remain in effect. The FED released the minutes of its December policy meeting that revealed most monetary authorities felt January was the right time to trim its monthly bond-buying program to USD75 billion from USD85 billion.