By FX Empire.com
The market rebounded after the meeting of European leaders held on Wednesday, where they decided write-down Greek bonds by 50% and boost the firepower of the rescue fund to 1 trillion euros ($1.4 trillion).
Asian currencies advanced sharply against the American dollar as Europe announced the headlines of the plan to save the Euro-Zone.
On the other hand, the Asian stock markets gained as the market sentiment improved, increasing investors to buy higher yielding currencies.
Furthermore, Aussie inclined after the Chinese manufacturing sector expanded for the first time in four months, adding that European financial crisis won’t affect China’s economic recovery, where the Chinese market is the largest for Australian products.
On Friday, the U.S. Personal Income for September will be released at 12:30 GMT and it’s expected to come at 0.3% from the previous -0.1%, the Personal Spending Index had a prior reading of 0.2% and expected to come at 0.6%.
The Core PCE for September had a previous reading of 1.6% and expected to rise to 1.8%.
The University of Michigan Confidence will be released at 13:55 GMT, where it’s expected to come at 57.8 from the previous reading of 57.5.
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