Aussie Rates
Markets in Indonesia and Malaysia are closed for holidays today, while Taiwan and the Philippines release inflation data for October. HSBC and Markit also issue a services index forIndia today.
Australia’s dollar, known as the Aussie, was little changed at 95.12 U.S. cents after gaining 0.8 percent yesterday, the most since Oct. 17. Data yesterday showed retail sales rose twice as fast as economists estimated in September.
“There are still some people looking for rate cuts in Australia,” AMP’s Oliver said. “If anything, over the last few weeks the economic data has surprised on the upside and that’s pared any prospects of any near term rate cut.”
The won climbed 0.1 percent to 1,061.90 per dollar, halting a three-day decline.
The Bloomberg U.S. Dollar Index, a gauge of the U.S. currency against 10 major peers, was little changed after snapping its longest rally since May yesterday, dropping 0.3 percent. The yen was steady at 98.63 per dollar, after weakening 1.3 percent last week, its steepest drop since August.