Dollar Rallies while Traders Eye US Jobs Data, China Trade Surplus Grows, Central Banks Remain Hawkish
• The US Dollar extended its winning streak on Wednesday, advancing to a 3-week high above 104.00 ahead of more US employment data.
• China's trade surplus expanded more than expected in November, though imports declined 0.6% yearly.
• The Bank of Canada left interest rates unchanged at 5% as expected; USD/CAD edged higher while oil prices declined.
• EUR/USD closed lower for a 6th straight day; Euro area retail sales fell 1.2% yearly in October.
• Bank of Japan Governor discussed policy options once exiting ultra-loose policy; USD/JPY dropped toward 146.00.