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  • Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data
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26.08.2014, 15:30

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data

The U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data. Durable goods orders in the U.S. jumped 22.6% in July, exceeding expectations for a 7.4% rise, after a 2.7% gain in June. June's figure was revised up from a 1.7% increase. That was the fastest rise and highest level since 1992.

Durable goods orders, excluding transportation, fell 0.8% in July, missing expectations for a 0.5% increase, after a 3.0% gain in June. June's figure was revised up from a 1.9% rise.

Durable goods orders, excluding defence, soared 24.9% in July, after a 0.7% rise in June.

The consumer confidence index rose to 92.4 in August from a 90.3 in July, beating forecasts for a decline to 89.1. July's figure was revised down from 90.9. That was the highest level since October 2007.

S&P/Case-Shiller home price index climbed 8.1% in June, missing forecasts for a 8.2% increase, after a 9.3% rise in May.

Market participants continue to monitor developments in Ukraine. Russian President Vladimir Putin will meet Ukrainian President Petro Poroshenko in Minsk today.

The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.

Friday's comments by the ECB President Mario Draghi still weighed on the euro. The European Central Bank (ECB) President Mario Draghi said in Jackson Hole the ECB could add new stimulus measures should inflation decline further. He also said inflation expectations were showing a significant fall.

The British pound traded mixed against the U.S. dollar after the weaker-than-expected mortgage approvals data from the UK. Mortgage approvals in the UK increased by 42,800 in July, missing expectations for a rise of 44,200, after a gain of 43,200 in June. June's figure was revised down from 43,300.

The New Zealand dollar traded mixed against the U.S dollar after the weaker-than-expected trade data from New Zealand. New Zealand's trade deficit was NZ$692 million in July, missing expectations for a decline to a deficit of NZ$475 million, after a surplus of NZ$247 million in June.

The Australian dollar traded higher against the U.S. dollar in the absence of any major reports in Australia.

The Japanese yen traded lower against the U.S. dollar in the absence of any major reports in Japan.

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