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  • Foreign exchange market. American session: the U.S. dollar traded mixed to higher against the most major currencies after the better-than-expected U.S. economic data
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28.08.2014, 15:29

Foreign exchange market. American session: the U.S. dollar traded mixed to higher against the most major currencies after the better-than-expected U.S. economic data

The U.S. dollar traded mixed to higher against the most major currencies after the better-than-expected U.S. economic data. The U.S. revised gross domestic product jumped 4.2% in the second quarter instead of the previously reported 4.0%. That was the fastest increase since the third quarter of 2013. Analysts had expected an increase of 3.9%.

The number of initial jobless claims in the week ending August 22 fell by 1,000 to 298,000 from 299,000 in the previous week. The previous week's figure was revised up from 298,000. Analysts had expected the number of initial jobless claims to remain unchanged.

The U.S. pending home sales rose 3.3% in July, exceeding expectations for a 0.6% gain, after a 1.3% fall in June. June's figure was revised down from a 1.1% decline. That was the highest level since August 2013.

The euro traded lower against the U.S. dollar due to the weaker-than-expected economic data from the Eurozone. The number of unemployed people in Germany climbed by 2,000 in August, missing expectations for a decrease of 6,000.

German unemployment rate remained unchanged at 6.7% in August.

German preliminary consumer price inflation was flat in August, in line with expectations, after a 0.3% rise in July.

On a yearly basis, German preliminary consumer price index rose 0.8% in August, in line with expectations, after a 0.8% gain in July.

Eurozone's M3 money supply increased 1.8% in July, beating expectations for a 1.5% increase, after a 1.6% rise in June. June's figure was revised up from a 1.5% gain.

Private loans in the Eurozone declined 1.6% in July, missing expectations for a 1.5% fall, after a 1.8% decline in June. June's figure was revised down from a 1.7% drop.

Eurozone's business climate indicator fell to 0.16 in August from 0.17 in July.

Eurozone's Industrial confidence decreased to -5.3 in August from -3.8 in July.

Eurozone's economic sentiment index dropped to 100.6 in August from 102.1 in July. July's figure was revised down from 102.2.

The British pound traded mixed against the U.S. dollar. The Confederation of Business Industry released retail sales for the U.K. The CBI retail sales volume balance rose to +37 in August from +21 in July. Analysts had expected an increase to +25.

The Canadian dollar traded mixed against the U.S. dollar after the weaker-than-expected Canadian current account data. Canadian current account deficit declined to C$11.9 billion in the second quarter from a deficit of C$12.0 billion in the second quarter, missing expectations for a fall to a deficit of C$11.4 billion. The first quarter figure was revised up from a deficit of C$12.4 billion.

The Swiss franc traded lower against the U.S. dollar. The number of employed people climbed to 4,200 million in the second quarter from 4,192 million in the first quarter. Analysts had expected the number of employed people to increase to 4,210 million.

The New Zealand dollar traded slightly lower against the U.S dollar in the absence of any major reports in New Zealand.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie increased against the greenback after the better-than-expected private capital expenditure data from Australia. Private capital expenditure in Australia rose 1.1% in the second quarter, beating expectations for a 0.8% decline, after a 2.5% fall in the first quarter. The first quarter figure was revised up from a 4.2% drop.

The Housing Industry Association released new home sales data for Australia. New home sales in Australia dropped 5.7% in July, after a 1.2% rise in June.

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

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