The
USD gained some ground during the session here, albeit in limited
ranges for major FX rates. Gold and oil declined also. There was
little fresh on the news nor data front to prompt the move,

Japanese
data showed the country’s trade
deficit widened in October. The
import
bill continued to rise due to the yen’s ongoing
slide during that month. Exports
and imports in the month hit a record value high.

In
other data the Australian jobs report was solid. Unemployment fell to
its lowest in nearly 50 years.

COVID
cases in China continue to rise quickly. And in Japan today Tokyo
raised its alert level one tick due to higher caseloads there also.