Forex – Aussie Gains Ahead Of Housing, Sentiment Views In Cautious Markets

Forex – Aussie Gains Ahead Of Housing, Sentiment Views In Cautious Markets

© Reuters.  Aussie gains in Asia© Reuters. Aussie gains in Asia

Investing.com – The Aussie gained in early Asia on Monday ahead of looks at house prices and sentiment as the market stayed cautious ahead of the start of a two-day Fed meeting widely expected to produce a rate hike of a quarter point.

Australia reports the third quarter with a 0.6% rise seen, while NAB releases its and for November.

traded at 0.7529, up 0.03%, while changed hands at 113.55, down 0.01%.

The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.11% to 93.94.

Overnight, the dollar was mostly unchanged against a basket of major currencies on Monday after data showed US employers posted fewer job openings than expected in October, pointing to signs of possible weakness in the labor market.

The U.S. Labor Department’s latest Job Openings and Labor Turnover Survey (JOLTs) report, a measure of labor demand, showed job openings in October cooled to about 6 million, missing expectations of 6.03 million.

The subdued report comes as investors continued to mull over last Friday’s November nonfarm payrolls showing wage growth remained stagnant, despite an uptick in the number of jobs created.

Also weighing on the dollar was an uptick in the safe-haven currencies like the yen and Swiss franc after an explosion in New York weighed on risk sentiment.

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