• Analytics
  • News and Tools
  • Market News
  • Foreign exchange market. American session: the Canadian dollar traded lower against the U.S. dollar after mixed Canadian economic data
Market news
07.07.2014, 15:31

Foreign exchange market. American session: the Canadian dollar traded lower against the U.S. dollar after mixed Canadian economic data

The U.S. dollar traded lower against the most major currencies. The U.S. currency remained supported by Thursday's strong 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.

The euro traded higher against the U.S. dollar after mixed economic data from the Eurozone. German industrial production dropped 1.8% in May, missing expectations for a 0.3%, after a 0.3% decline in April. April's figure was revised down from a 0.2% increase.

Sentix investor confidence index for the Eurozone increased to 10.1 in July from 8.5 in June, beating expectations for a drop to 7.5.

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

The Swiss franc traded higher against the U.S. dollar after the economic data from Switzerland. Switzerland's unemployment rate remained unchanged at a seasonally adjusted 3.2% in June, in line with expectations.

The Swiss National Bank's foreign exchange reserves increased to 449.553 billion Swiss francs in June, from 444.351 billion Swiss francs in May. May's figure was revised down from 444.354 billion Swiss francs.

The Canadian dollar traded lower against the U.S. dollar after mixed Canadian economic data. Building permits in Canada increased 13.8% in May, exceeding expectations for a 3.1% rise, after a 2.2% gain in April. . That was the fastest pace in 10 months.

April's figure was revised up from a 1.1% increase.

Ivey purchasing managers' index for Canada dropped to 46.9 in June from 48.2 in May, missing expectations for a rise to 51.3.

The New Zealand dollar increased against the U.S dollar in the absence of any major economic reports in New Zealand.

The Australian dollar climbed 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".

© 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.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location