Recap of Asian trade on 14.11.2018: USDX, USD/JPY, AUD/USD

The greenback’s correction began as the US and China announced they were about to resume their trade negotiations.
The USDX left the 97.60 level and approached 97.10.
Nevertheless, the US dollar is still in focus during the Asian trading session. The dollar/yen pair neared the 113.90 level. Today Japan published the GDP provisional data for the 3rd quarter. The figures showed a year-on-year 1.2% slowdown in the country’s economy after the previous 3% increase. Quarterly, the index also declined by 0.3% after a rise of 0.8%.
Traders paid special attention to the Chinese statistics. The industrial output in October grew by 5.9% after the earlier lesser rise and similar estimates, the report of the National Bureau of Statistics of China showed. Investments in fixed assets also increased from January to October. The index climbed by 5.7% which did not match the preceding 5.4% hike. The unemployment rate remained at 4.9%.

The AUD/USD pair, a high-risk trade asset of the Asian session, responded to economic data from China promptly. The pair is close to 0.7220.
However, experts anticipate the movement of the AUD/USD pair and other currencies to alter. The US inflation data is due today. It may strengthen the greenback and, therefore, impact on the foreign exchange market.

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