The U.S. dollar traded mixed against the most major currencies after mixed economic data from the U.S. The U.S. producer price index rose 0.1% in July, in line with expectations, after a 0.4% gain in June.
On a yearly basis, the U.S. producer price index increased 1.7% in July, missing expectations for a 1.8% gain, after a 0.4% rise in June.
The U.S. producer price inflation, excluding food and energy, climbed 0.2% in July, in line with expectations, after a 0.2% rise the previous month.
On a yearly basis, the U.S. producer price index, excluding food and energy, gained 1.6% in July, in line with expectations, after a 1.8% increase in June.
The Reuters/Michigan consumer sentiment index declined to 79.2 in August from 81.8 in June. Analysts had expected the index to increase to 82.7.
The NY Fed Empire State manufacturing index decreased to 14.7 in August from 25.6 in July, missing expectations for a fall to 20.3.
The euro traded higher against the U.S. dollar in the absence of any major economic reports in the Eurozone.
The U.S. industrial production rose 0.4% in July, exceeding expectations for a 0.3% rise, after a 0.4% gain in June. June's figure was revised up from a 0.2% increase.
The British pound traded mixed against the U.S. dollar after the better-than-expected UK GDP. The UK gross domestic product grew at annual rate of 3.2% in the second quarter, exceeding expectations for a 3.1% gain, after a 3.1% rise in the first quarter. That was the fastest pace since the end of 2007.
On a monthly basis, the UK GDP increased 0.8% in the second quarter, in line with expectations, after a 0.8% rise in the first quarter.
The Canadian dollar traded mixed against the U.S. dollar after the better-than-expected Canadian manufacturing shipments. The Canadian manufacturing shipments climbed 0.6% in June, beating expectations for a 0.5% rise, after a 1.7% gain in May. May's figure was revised up from a 1.6% increase.
The New Zealand dollar traded mixed against the U.S dollar in the absence of any major economic reports in New Zealand.
The Australian dollar traded lower against the U.S. dollar. No major economic reports were released in Australia.
The Japanese yen increased against the U.S. dollar in absence of any major economic reports in Japan.
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