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30.06.2014, 15:41

Foreign exchange market. American session: the British pound hits 6-year highs against the U.S. dollar after the mixed U.S. economic data

The U.S. dollar traded lower against the most major currencies after the mixed U.S. economic data. Chicago purchasing managers' index dropped to 62.6 in June from 65.5 in May, missing expectations for a decline to 63.2.

Pending home sales in the U.S. increased 6.1% in May, exceeding expectations for a 1.4% rise, after a 0.4% gain in April. That It was the largest gain since August 2010.

The euro rose against the U.S. dollar after mixed economic data from Eurozone. Eurozone's inflation remained unchanged at 0.5% in June. Analysts had expected an increase to 0.6%.

German retail sales declined 0.6% in May, missing expectations for a 0.8% rise, after a 0.9% decrease in April. On a yearly basis, German retail sales rose 1.9% in May, missing expectations for a 2.8% gain, after a 3.2% increase in April. April's figure was revised down from a 3.4% rise.

M3 money supply in the Eurozone increased 1.0% in May, beating expectations for a 0.7% gain, after a 0.8% rise in April.

Private loans in the Eurozone decreased 2.0% in May, missing expectations for a 1.7% fall, after a 1.8% drop in April.

The British pound hits 6-year highs against the U.S. dollar after the mixed U.S. economic data. The number of mortgage approvals in the U.K. was 61,707 in May, after 62,806 approvals in April. That was the lowest number of approvals since August 2013.

Net lending to individuals in the U.K. increased by ₤2.7 billion in May, beating expectations for a rise by ₤2.5 billion, after ₤2.4 billion in April.

The Canadian dollar traded higher against the U.S. dollar after the mixed U.S. economic data. The GDP in Canada rose 0.1% in April, missing forecast for a 0.2% increase, after a 0.1% gain in March.

The New Zealand dollar traded higher against the U.S dollar. The ANZ business confidence index for New Zealand dropped to 42.8 in June from 53.5 in May.

Building permits in New Zealand dropped 4.6% in May, after a 1.9% rise in April. April's figure was revised up from a 1.5% gain.

The Australian dollar increased against the U.S. dollar after the mixed U.S. economic data. New home sales in Australia decreased 4.3% in May, after a 2.9% rise in April.

The Japanese yen traded slightly higher against the U.S. dollar after the mixed U.S. economic data. Japan's industrial production rose 0.5% in May, missing expectations for a 0.9% increase, after a 2.8% decline. On a yearly basis, industrial production in Japan increased 0.8% gain in May, after a 3.8% rise in April.

Housing starts in Japan dropped 15.0% in May, after a 3.3% decline in April. Analysts had expected a 10.1% decrease.

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