It could be a holiday-shortened week near the end of the month but the inability of the US dollar to rally on good GDP numbers should be a concern. Overall, the yen was the best performer Tuesday in a modest relief rally while the Aussie lagged. The Asia-Pacific calendar features Japanese small business confidence. This week's Premium Insights include 2 new trades in USDJPY alongside 2 charts ahead of what will be a busy first two weeks of December, including Japan's elections, the Fed meeting and prolonged equity market gains.
The US dollar rose near the best levels of the day after GDP revisions but only for a moment. Afterwards a wave of selling took USD sharply lower.