The Australian dollar lags after disappointing Q3 GDP data
Suddenly, yield curve inversion worries are starting to calm down and NY Fed chief John Williams' hawkish comments overnight is also helping to see the dollar pull off a follow through move from trading yesterday.
The moves in general aren't overwhelming so far as the rest of the major bloc remains rather sidelined when compared to one another. Do be reminded that US markets are shut today so liquidity will be thinner than usual later on in the day as well.
Meanwhile, the aussie is the laggard as we begin the day after Q3 GDP disappointed expectations earlier in Asian trading.
Looking ahead, risk remains tepid following the beat down suffered in Wall St overnight. US and China still appear to be telling different narratives on the trade front and that isn't helping to relieve investors as we close out the year. European equities should show slight negative tones but nothing too concerning as what we saw yesterday. As for currencies, it's a bit of a mixed bag as traders are taking the moves in risk in stride and focusing on other details instead.
Watch out for Brexit and Italy headlines to come as that will muddy up the picture in the session to come.
