The USD gained some ground during the session here, albeit in limited ranges for major FX rates. Gold and oil declined also. There was little fresh on the news nor data front to prompt the move,

Japanese data showed the country's trade deficit widened in October. The import bill continued to rise due to the yen’s ongoing slide during that month. Exports and imports in the month hit a record value high.

In other data the Australian jobs report was solid. Unemployment fell to its lowest in nearly 50 years.

COVID cases in China continue to rise quickly. And in Japan today Tokyo raised its alert level one tick due to higher caseloads there also.

eurusd wrap 17 November 2022