Dec. 8: MARKET OVERVIEW
Asian markets came under pressure as data releases highlighted the weakness of the region’s key economies. China's imports fell surprisingly in November, showing weak domestic demand. AUD/USD gapped lower and fell to 0.8270 on the release.
Japan’s Q3 GDP was revised down to -0.5% from -0.1%. USD/JPY touched a fresh multi-year high of 121.80 yen.
EUR/USD consolidates around 1.2280. Economic calendar for today is rather light with the Eurogroup meeting as a key event. GBP/USD slipped to a new low of 1.5550.