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  • Foreign exchange market. American session: the U.S. dollar traded mixed to higher against the most major currencies after the mixed U.S. economic data
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29.08.2014, 15:42

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

The U.S. dollar traded mixed to higher against the most major currencies after the mixed U.S. economic data. The Reuters/Michigan consumer sentiment index was revised up to 82.5 in August from a preliminary reading of 79.2, exceeding expectations a final reading of 80.1.

The Chicago purchasing managers' index rose to 64.3 in August from 52.6 in July, beating forecasts for a rise to 56.3.

Personal spending in the U.S. fell 0.1% in July, missing forecasts of a 0.2% gain, after a 0.4% rise in June. That was the first decline since January.

Personal income increased 0.2% in July, missing expectations for a 0.3% rise, after a 0.5% gain in June. June's figure was revised up from a 0.4% increase. That was the smallest monthly gain of this year.

The personal consumption expenditures price index, excluding food and energy, climbed at an annual rate of 1.5% in July. The index is the preferred inflation gauge of the Fed. The Fed's inflation target is 2.0%.

On a monthly basis, the personal consumption expenditures price index, excluding food and energy, rose 0.1% in July.

The euro declined against the U.S. dollar despite the weak economic data from the Eurozone. Eurozone's unemployment rate remained unchanged at 11.5% in July, in line with expectations.

Eurozone's preliminary harmonized consumer price index declined to an annual rate of 0.3% in August from 0.4% in July, in line with expectations.

German retail sales fell 1.4% in July, missing expectations for a 0.1% gain, after a 1.0% rise in June. June's figure was revised down from a 1.3% increase.

Investors speculate that the European Central Bank will add new stimulus measures to support the economy.

The British pound traded mixed against the U.S. dollar after the better-than-expected Nationwide house price index. The Nationwide house price index increased 0.8% in August, after a 0.2% gain in July. July's figure was revised up from a 0.1% rise. Analysts had expected the index to be flat.

On a yearly basis, the Nationwide house price index climbed 11.0% in August, after a 10.6% increase in July.

The Swiss franc traded lower against the U.S. dollar. The KOF leading indicator rose to 99.5 in August from 97.9 in July. July's figure was revised down from 98.1.

The Canadian dollar traded mixed against the U.S. dollar ahead of the Canadian gross domestic product (GDP). The GDP rose at an annual rate of 3.1% in the second quarter, after a 0.9% gain in the first quarter. The first quarter's figure was revised down from a 1.2% rise.

That was the largest quarterly increase since the third quarter of 2011. The increase was driven by household spending.

On a monthly basis, Canadian GDP rose 0.3% in June, in line with expectations, after a 0.5% increase in May. May's figure was revised up from a 0.4% gain. The monthly rise was driven by mining, oil and gas, construction, wholesale and retail trade.

Canadian raw material price index decreased 1.4% in July, missing expectations for a 0.7% increase, after a 1.1% gain in June.

The New Zealand dollar traded mixed against the U.S dollar. The ANZ business confidence index in New Zealand fell to 24.4 in August from 39.7 in July. That was the sixth straight decrease in six months.

The total number of building permits in New Zealand rose 0.1% in July, after a 3.5% gain in June.

The Australian dollar traded lower against the U.S. dollar. Private sector credit in Australia increased 0.4% in July, missing expectations for a 0.5% rise, after a 0.7% gain in June.

The Japanese yen traded mixed against the U.S. dollar. Japan's national consumer price index (CPI), excluding fresh food, climbed at an annual rate of 3.3% in July, in line with expectations, after a 3.3% gain in June.

Japan's national CPI rose 3.4% in July, after a 3.6% rise in June.

Household spending in Japan dropped 5.9% in July, missing forecasts of a 2.7% decline, after 3.0% decrease in June.

Retail sales in Japan increased 0.5% in July, exceeding expectations for a 0.1% decline, after a 0.6% fall in June.

Japan's unemployment rate rose to 3.8% in July from 3.7% in June. Analysts had expected the unemployment rate to remain unchanged at 3.7%.

Preliminary industrial production in Japan climbed 0.2% in July, missing expectations for a 1.4% rise, after a 3.4% decline in June.

Housing starts in Japan plunged 14.1% in July, missing forecasts of a 10.5% decrease, after a 9.5% drop in June.

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