US Dollar Mixed as Global Stocks Rise; Australia and German Economies Slow, Pressuring Currencies
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The US dollar is mixed today against major currencies like the euro and yen. Equities markets across Asia, Europe, and the US are mostly higher.
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Australia's Q3 GDP expanded only 0.2% as consumer spending and exports dragged. Retail sales trends in the eurozone are mixed.
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German factory orders plunged unexpectedly by 3.7% in October, suggesting persistent industrial weakness there.
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The euro has fallen for 6 straight days after last week's lower-than-expected eurozone inflation data. The Swiss franc is also weaker.
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Today's releases to watch US trade balance, Canada trade & productivity data. The Bank of Canada rate decision is expected to be unchanged.