The U.S. dollar traded mixed against the most major currencies after the U.S. manufacturing purchasing managers' index and existing home sales. The existing home sales rose 4.9% to 4.89 million units in May from 4.66 million in April. That was the highest monthly increase since August 2011.
April's figures were revised up to a rate of 4.66 million from 4.65 million. Analysts had expected an increase to 4.74 million units.
The U.S. manufacturing purchasing managers' index climbed to 57.5 in June from 56.4 in May, beating expectations for a decline to 56.1.
The euro traded slightly lower against the U.S. dollar after the weaker-than-expected data from the Eurozone. Eurozone's manufacturing purchasing managers' index dropped to 51.9 in June from 52.2 in May. Analysts had expected the index to remain unchanged.
Eurozone's services PMI fell to 52.8 in June from 53.2 in May, missing expectations for an increase to 53.4.
Germany's manufacturing PMI climbed to 52.4 in June to from 52.3 in May, but missing expectations for a gain to 52.7.
Germany's services PMI declined to 54.8 in June from 56.0 in May. Analysts had forecasted a decrease to 55.8.
The French manufacturing PMI fell to 47.8 in June from 49.6 in May. Analysts had expected the index to remain unchanged.
The French services PMI decreased to 48.2 in June from 49.1 in May, missing expectation for an increase to 49.5.
The British pound traded lower against the U.S. dollar. The Bank of England (BoE) released its latest Credit Conditions Survey on Monday. The BoE said that the demand for secured lending for house purchases and demand for corporate credit rose significantly in the second quarter. The BoE also said the demand for secured lending from household and corporates should rise in the third quarter. The BoE added that banks expect mortgage approvals to decrease significantly in the third quarter.
The New Zealand dollar increased against the U.S dollar due to the better-than-expected economic data from China, but later lost its gains. China's HSBC manufacturing purchasing managers' index rose to 50.8 in June from 49.4 in May. Analysts had expected an increase to 49.7.
The credit card spending in New Zealand rose 7.5% in May, after a 3.2% gain in April.
Westpac consumer sentiment for New Zealand declined to 121.2 in the second quarter from 121.7 the previous quarter.
The Australian dollar climbed against the U.S. dollar due to the better-than-expected HSBC manufacturing purchasing managers' index from China, but later lost its gains. No economic reports were released in Australia.
The Japanese yen traded higher against the U.S. dollar after the manufacturing purchasing managers' index. The manufacturing purchasing managers' index in Japan climbed to 51.1 in June from 49.9 in May.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.