Reflation trade is back on investors' radar following the tax announcement in the US and due to an uptick in the Chinese PPI. Consequently, the USD is well bid while heading into the fourth quarter, which as per is a good period for the greenback. "The collection of partial indicators for Australia's labour market are showing a marked acceleration in the past few months. Today's job vacancy numbers rose by 6% q-o-q in Q3 taking the y-o-y rate to 15.4%, its fastest pace since 2002," notes Paul Bloxham, Chief Economist, Australia, NZ & Global Commodities at HSBC
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