#OPINIONLEADER#
Morning market update 08 11 2021:
Friday night's NFP for October came in at 531k actual and 312k revised and the unemployment rate was 4.6% slightly better than expected. This wasn't good enough to break the DXY beyond 94.70 and is currently trading at 94.17, today there is not much news out with the AUD & NZD in focus for today's currency call. Tuesday is more active with PPI (MoM) (Oct) out for the US at 21:30 GMT+8 expected at 0.6%. The NZD has Electronic Card Retail Sales (MoM) (Oct) released tomorrow at 05:45 GMT +8 and the AUD tomorrow has NAB Business Confidence released at 08:30 GMT+8. This is both the AUDUSD & NZDUSD are waiting for a catalyst as they hover near support levels especially for the ADUUSD at 0.7400
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