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  • Foreign exchange market. Asian session: the Australian dollar traded slightly higher against the U.S. dollar after the economic data from Australia
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07.07.2014, 09:11

Foreign exchange market. Asian session: the Australian dollar traded slightly higher against the U.S. dollar after the economic data from Australia

Economic calendar (GMT0):

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

01:30 Australia AiG Performance of Construction Index June 46.7 51.8

03:30 Australia ANZ Job Advertisements (MoM) June -5.7% Revised From -5.6% +4.3%

07:00 Japan Leading Economic Index May 106.5 106.0 105.7

07:00 Japan Coincident Index May 111.1 111.0 111.1

07:45 Switzerland Unemployment Rate June 3.2% 3.2% 3.2%

08:00 Germany Industrial Production s.a. (MoM) May -0.3% Revised From +0.2% +0.3% -1.8%

08:00 Germany Industrial Production (YoY) May +1.8% +1.3%

09:00 Switzerland Foreign Currency Reserves June 444.4 449.6

10:30 Eurozone Sentix Investor Confidence July 8.5 7.5 10.1

11:00 Eurozone Eurogroup Meetings

11:00 Eurozone ECB President Mario Draghi Speaks

The U.S. dollar traded higher against the most major currencies. The U.S. currency was still supported by Thursday's better-than-expected U.S. labour market data. U.S. companies added 288,000 jobs in June.

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.

Market participants speculate the Fed may hike its interest rate sooner than expected.

The New Zealand dollar decreased against the U.S dollar in the absence of any major economic reports in New Zealand. The U.S. dollar was still supported by Thursday's U.S. jobs report.

The Australian dollar traded slightly higher against the U.S. dollar after the economic data from Australia. The AI Group/HIA released its housing construction index for June. The index increased to 51.8 in June from 46.7 in May.

The ANZ job advertisements rose 4.3% in June from a decline of 5.7% in May. May's figure was revised down from a drop of 5.6%.

The Japanese yen traded higher against the U.S. dollar. Japan's leading economic index declined to 105.7 in May from 106.5 in April, missing expectations for a decrease to 106.0. April's figure was revised down from 106.6.

Japan's coincident index remained unchanged at 111.1 in May, beating expectations for a decline to 111.0.

The Bank of Japan Governor Haruhiko Kuroda said on Monday the BoJ will maintain its stimulus programme for as long as necessary to achieve its 2% inflation target. He added that "the BOJ will examine upside and downside risks to the economy and prices, and adjust monetary policy as needed".

EUR/USD: the currency pair declined to $1.3580

GBP/USD: the currency pair decreased to $1.7135

USD/JPY: the currency pair declined to Y102.09

The most important news that are expected (GMT0):

14:30 Canada Building Permits (MoM) May +1.1% +3.1%

16:00 Canada Ivey Purchasing Managers Index June 48.2 51.3

16:30 Canada Bank of Canada Business Outlook Survey Quarter II

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