The US dollar still will grow today in terms of published in China moderately pessimistic statistics on the trade balance for November. The reduction reached 44.61 billion yuan, against 49.06 in October. At the same time for January-November the total amount of China's foreign trade decreased by 6.9% compared to the previous year and amounted to $3.31 trillion. Despite the fact that the values for the previous month was even worse, and it would be necessary to wait for the optimism of investors, actual data will be more representative at the end of the year. That's why for the USD/JPY pair there is a prospect of growth by the end of the day.Thursday, 8 December 2016
USD/JPY
The US dollar still will grow today in terms of published in China moderately pessimistic statistics on the trade balance for November. The reduction reached 44.61 billion yuan, against 49.06 in October. At the same time for January-November the total amount of China's foreign trade decreased by 6.9% compared to the previous year and amounted to $3.31 trillion. Despite the fact that the values for the previous month was even worse, and it would be necessary to wait for the optimism of investors, actual data will be more representative at the end of the year. That's why for the USD/JPY pair there is a prospect of growth by the end of the day.
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