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  • Foreign exchange market. American session: the Canadian dollar jumped against the U.S. dollar after the better-than-expected Canadian consumer price index, but later lost almost all gains
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19.09.2014, 15:37

Foreign exchange market. American session: the Canadian dollar jumped against the U.S. dollar after the better-than-expected Canadian consumer price index, but later lost almost all gains

The U.S. dollar traded mixed to higher against the most major currencies despite yesterday's mixed U.S. economic data. The U.S. dollar remained supported by the results of the Fed's monetary policy meeting on Wednesday. The Fed kept its interest rate unchanged at 0.00-0.25%, but it cut its asset purchase program by another $10 billion to $15 billion. The Fed added it want to close its asset purchase program in the next month.

The Fed also said it will keep its interest rate unchanged for "a considerable time after the asset purchase program ends".

The Fed raised its estimates for interest rate. The U.S. central bank said interest rate will be 3.75% at the end of 2017.

The U.S. dollar was also supported by the results of the Scotland's independence referendum. 55% of voters said "no" to independence.

The U.S. leading indicators rose 0.2% in August, missing expectations for a 0.4% gain, after a 1.1% rise in July. July's figure was revised up from 0.9% increase.

The euro traded near 14-month low against the U.S. dollar. Eurozone's adjusted current account surplus climbed to 18.7 billion euros in July from a surplus of 18.6 billion euros in June, beating expectations for a decline to a surplus of 14.3 billion euros. June's figure was revised up from a surplus of 13.1 billion euros.

German producer price index fell 0.1% in August, in line with expectations, after a 0.1% decrease in July.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar jumped against the U.S. dollar after the better-than-expected Canadian consumer price index, but later lost almost all gains. Consumer price index in Canada was flat in August, beating forecast of a 0.1% decline, after a -0.2% drop in July.

On a yearly basis, Canada's consumer price index rose 2.1% in August, after a 2.1% increase in July.

Canadian core consumer price index, which excludes some volatile goods, jumped 0.5% in August, exceeding expectations for a 0.2%, after a 0.1% fall in July.

On a yearly basis, core consumer price index in Canada climbed 2.1% in August, after a 1.7% gain in July. That was highest level since April 2012.

Wholesale sales in Canada fell 0.3% in July, missing expectations for a 0.8% rise, after a 0.8% increase in June. June's figure was revised up a 0.6% increase.

The New Zealand dollar declined against the U.S dollar. Market participants are awaiting the general election on Saturday. The ruling centre-right National party is expected to win.

Credit card spending in New Zealand rose 4.2% in August, after a 4.5% in July.

The Australian dollar fell against the U.S. dollar in the absence of any major economic reports from Australia.

The Japanese yen traded mixed against the U.S. dollar. The all industry activity index in Japan declined 0.2% in July, missing expectations for a 0.4% gain, after a 0.3% fall in June. June's figure was revised up from a 0.4% drop.

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