The Dollar weakened in Asia. While the NFP number beat expectations, average hourly earnings came in below expectations, which lowered expectations of another Fed rate hike soon. Meanwhile, the Australian Dollar came under pressure as well, after retail sales disappointed. They declined 0.1 % month-on-month, while the market was looking for +0.3 % print.
Gold rose from $1219 to $1225 amid the Dollar weakness. However, it fell slightly in the mid-Asian session after risk sentiment improved somewhat. Most Asian stock indices finished the day with a gain.
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