Market news
04.07.2014, 12:00

Foreign exchange market. European session: the U.S. dollar was still supported by yesterday's U.S. jobs data

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

03:40 Australia RBA Assist Gov Edey Speaks

06:00 Germany Factory Orders s.a. (MoM) May +3.4% Revised From +3.1% -0.8% -1.7%

06:00 Germany Factory Orders n.s.a. (YoY) May +6.3% +5.5%

The U.S. dollar traded higher against the most major currencies. The U.S. currency was supported by yesterday's better-than-expected U.S. labour market data. U.S. companies added 288,000 jobs in June, exceeding expectations for an increase by 211,000 positions, after a gain of 224,000 jobs in May.

The unemployment rate in the U.S. dropped to 6.1% in June from 6.3% in May. That was the lowest level since September 2008.

Markets in the U.S. are closed for the Independence Day holiday on Friday.

The euro declined against the U.S. dollar due to the weaker-than-expected German factory orders. German factory orders decreased 1.7% in May, missing expectations for a 0.8% fall, after a 3.4% gain in April. April's figure was revised up from a 3.1% increase.

On a yearly basis, German factory orders rose 5.5% in May, after a 6.3% increase in April.

The British pound decreased against the U.S. dollar in the absence of any major economic reports in the U.K.

EUR/USD: the currency pair fell to $1.3585

GBP/USD: the currency pair declined to $1.7129

USD/JPY: the currency pair traded mixed

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