The USD has grown against the major currencies amid expectations of economic growth due to the measures, which can be introduced by Donald Trump. It is expected that public spending in the USA will increase, which will boost inflation growth and monetary policy tightening, which, in its turn, will trigger the rise in the USD. However, it seems that the rate hike on 13-14 December has been incorporated into the prices.

Market participants are waiting for the US labour data (Non-Farm PayRolls (the forecast is 175 000 in November, which is by 14 000 more than in October), unemployment rate and average hourly wages.

Earlier this week US macro-economic data was positive. The USD has grown after the release of positive ADP and PMI Chicago. Personal expenditures in the USA has also grown by 0.5% against the forecast of 0.4%.

Australian data on consumer spending and companies’ investments, released on Thursday, were weak.

A meeting of the monetary policy committee of the Reserve Bank of Australia will be held on 6 December. It is expected that the RBA will leave the interest rate unchanged at the level of 1.5%. This fact will support the AUD.

However, in the near future the AUD can be under pressure from tension caused by foreign trade issues between China and the USA As we know Donald Trump suggests to increase import fees for the Chinese products and China has threated to do the same in return.

The rise in the USDF is likely to continue, which will have a negative impact on the pair AUD/USD in the medium-term.AUD/USD: Expectations of the interest rate hike in the USA provide support to the USD. Fundamental analysis for 02/12/2016




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