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  • Foreign exchange market. Asian session: the New Zealand dollar, Australian dollar and yen traded higher against the U.S dollar, supported by Chinese HSBC manufacturing purchasing managers' index
Market news
23.09.2014, 08:49

Foreign exchange market. Asian session: the New Zealand dollar, Australian dollar and yen traded higher against the U.S dollar, supported by Chinese HSBC manufacturing purchasing managers' index

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:00 Japan Bank holiday

01:45 China HSBC Manufacturing PMI (Preliminary) September 50.2 50.0 50.5

06:58 France Manufacturing PMI (Preliminary) September 46.9 47.1 48.8

06:58 France Services PMI (Preliminary) September 50.3 50.2 49.4

07:28 Germany Manufacturing PMI (Preliminary) September 51.4 51.3 50.3

07:28 Germany Services PMI (Preliminary) September 54.9 54.6 55.4

07:58 Eurozone Manufacturing PMI (Preliminary) September 50.7 50.6 50.5

07:58 Eurozone Services PMI (Preliminary) September 53.1 53.2 52.8

08:30 United Kingdom BBA Mortgage Approvals August 42.8 42.9 41.6

08:30 United Kingdom PSNB, bln August -1.1 10.3 10.9

The U.S. dollar traded mixed to lower against the most major currencies. The greenback remained supported by speculation the Fed will start to hike its interest rate sooner than expected.

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

Market participants are awaiting Fonterra's annual results on Wednesday.

The New Zealand dollar, Australian dollar and yen were supported by the better-than-expected preliminary Chinese HSBC manufacturing purchasing managers' index. The HSBC manufacturing purchasing managers' index rose to 50.5 in September from 50.2 in August, beating expectations for a decline to 50.0

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

The Japanese yen rose against the U.S. dollar in the absence of any major economic reports from Japan. Markets in Japan were closed for a public holiday.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair increased to $1.6390

USD/JPY: the currency pair fell to Y108.59

The most important news that are expected (GMT0):

12:30 Canada Retail Sales, m/m July +1.1% +0.4%

12:30 Canada Retail Sales ex Autos, m/m July +1.5% -0.1%

13:20 U.S. FOMC Member Jerome Powell Speaks

18:00 U.S. FOMC Member Narayana Kocherlakota

22:45 New Zealand Trade Balance, mln August -692 -1125

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