- The dollar gains moment before US data.
- AUD / USD cuts weekly gains on Friday and weakens.
The AUD / USD is falling on Friday and extends the pullback after hitting 0.7314 on Thursday, the highest level since Nov. 16. The pair just fell to 0.7246, marking a two-day low.
The pair is still in positive territory for the week but the dollar is the one with the wind in favor on Friday, at least before the publication of data from the US and the American session.
The drop in equity markets coupled with the stability in Treasury bond yields is favoring the dollar which is advancing on almost all fronts on Friday.
The economic calendar shows as highlighted data for Friday the report of retail sales for December from the US From that country, the industrial production report and the preliminary consumer confidence index from the University of Michigan will also be published. New York Fed Chairman John Williams will also make a public presentation.
Statements by Fed officials have been pointing in the direction of an interest rate hike in March, with the possibility of further hikes in subsequent meetings.