The U.S. dollar traded lower against the most major currencies after the number of initial jobless claims in the U.S. The number of initial jobless claims in the week ending August 9 rose by 21,000 to 311,000 from 290,000 in the previous week. The previous week's figure was revised down from 289,000.
Analysts had expected the number of initial jobless claims to increase by 17,000 to 307,000.
The U.S. import price index declined 0.2% in July, in line with expectations, after a 0.1% increase in June.
The euro traded higher against the U.S. dollar despite the weaker-than-expected economic data from the Eurozone. Eurozone's harmonized consumer price index declined 0.7% in July, missing expectations for a 0.6% decrease, after a 0.1% rise in June.
On a yearly basis, Eurozone's harmonized consumer price index rose 0.4% in July, in line with expectations, after a 0.4% increase in June.
Eurozone's preliminary gross domestic product was flat in the second quarter, missing expectations for a 0.1% rise, after a 0.2% gain in the first quarter.
On a yearly basis, Eurozone's preliminary gross domestic product climbed 0.7% in the second quarter, in line with expectations, after a 0.9% rise in the first quarter.
German preliminary GDP decreased 0.2% in the second quarter, missing forecasts of a 0.1% decline, after a 0.8% rise in the first quarter.
French preliminary GDP remained flat in the second quarter, missing forecasts of a 0.1% gain.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports in the UK.
The Swiss franc traded higher against the U.S. dollar. Switzerland's producer price index was flat in July, in line with expectations, after 0.0% in June.
On a yearly basis, Switzerland's producer price index fell 0.8% in July, after a 0.8% decline in June.
The Canadian dollar traded higher against the U.S. dollar after the Canadian new housing price index. The index climbed 0.2% in June, in line with expectations, after a 0.1% gain in May.
The New Zealand dollar traded higher against the U.S dollar after the weaker-than-expected number of initial jobless claims in the U.S. Retail sales in New Zealand climbed 1.2% in the second quarter, exceeding expectations for a 1.0% rise, after a 0.8% gain in the first quarter. The first quarter's figure was revised up from a 0.7% increase.
Core retail sales, excluding automobiles and gas stations, jumped 1.2% in the second quarter, beating expectations for a 1.1% gain, after 1.0% in the first quarter. The first quarter's figure was revised up from a 0.8% increase.
The increase of retail sales in New Zealand was driven by automobile sales and parts retailing industry.
The Business NZ Performance of Manufacturing Index declined to 53.0 in July from 53.4 in June. June's figure was revised up from 53.3.
The Australian dollar traded higher against the U.S. dollar due to the weaker-than-expected number of initial jobless claims in the U.S. The Melbourne Institute released its consumer inflation expectations for Australia. The consumer inflation expectations dropped to 3.1% in July from 3.8% in June.
The Japanese yen declined against the U.S. dollar after the disappointing core machinery orders from Japan, but later recovered its losses as the number of initial jobless claims in the U.S. rose. Core machinery orders in Japan rose 8.8% in June, missing expectations for a 15.5% gain, after a 19.5% decline in May.
On a yearly basis, core machinery orders in Japan decreased 3.0% in June, after a 14.3% fall in May.
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