Aussie dollar tranding strong against the US
The US stockmarket strengthened. The Dow rose by 0.4%, the S&P 500 lifted 0.4% (to a fresh record high) and the Nasdaq gained 0.3% for the session.
US government bond yields were little changed in a shortened trading session following the Thanksgiving Day holiday.
The US 10-year government bond yield rose by 1 basis point to 2.36%, while the 2-year government bond yield fell 1 basis point to 1.12%.
The US dollar index (against a basket of currencies) closed around 0.2% lower. The Euro strengthened, with EUR/USD rising from 1.0539 on Friday afternoon, to a high of 1.0627 early Saturday morning.
The US dollar gained against the Yen, with USD/JPY falling from 113.90 earlier on Friday, to a low of 112.56 on Friday night.
The Australian dollar rose on Friday, with AUD/USD peaking Friday afternoon at 0.7468. It edged lower from there, but was still stronger for the session.
The New Zealand dollar gained ground against the US dollar and the Aussie dollar. AUD/NZD fell from a high of 1.0612 on Friday afternoon, to currently trade around 1.0580.
The oil price fell US$1.90 to US$44.80 per barrel amid supply concerns, after Saudi Arabia declined to attend a meeting of oil producers scheduled for today.
There was no major economic data released domestically on Friday.
Industrial profits rose by 9.8% in the year to October, up from 7.7% in the year to September.
Consumer prices excluding fresh food fell 0.4% in the year to October; it is the eighth straight fall - the longest streak of declines since 2009-2011 underlining that inflation remains subdued in Japan.
The trade deficit narrowed from NZ$1,394mn to NZ$846mn in October.
GDP growth was in line with the initial estimate, rising by 0.5% in Q3, following growth of 0.5% in Q2. For the year to Q3, the pace of GDP growth was also unchanged at 2.3%.
The Markit services PMI eased slightly to of 54.7 in November, from a reading of 54.8 in October. The index remains above 50, signalling ongoing expansion in US services sector activity.