The November US trade deficit was worse than anticipated at US$60.3bn in an upwardly revised US$56.0bn in October. Oil imports rose and there was also the export decrease since June. The report is going to be a test of market optimism within the buck. Losses through 1.3250 would rekindle negative dollar opinion and speak of 1.35.

Analysis provided by http://www.fxtoday.co.uk