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  • Foreign exchange market. Asian session: the New Zealand dollar dropped against the U.S. dollar after comments by after Reserve Bank of New Zealand Governor Graeme Wheeler
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25.09.2014, 09:04

Foreign exchange market. Asian session: the New Zealand dollar dropped against the U.S. dollar after comments by after Reserve Bank of New Zealand Governor Graeme Wheeler

Economic calendar (GMT0):

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

02:30 Australia RBA's Governor Glenn Stevens Speech

08:00 Eurozone M3 money supply, adjusted y/y August +1.8% +1.9% +2.0%

08:00 Eurozone Private Loans, Y/Y August -1.6% -1.5% -1.5%

The U.S. dollar traded higher against the most major currencies. The greenback remained supported by yesterday's U.S. new home sales. New home sales in the U.S. rose 18.0% to a seasonally adjusted annual rate of 504,000 units in August, up from 427,000 units in July. That was the highest level since May 2008.

The New Zealand dollar dropped against the U.S. dollar after comments by the Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler. He said that the kiwi was still "unjustifiably high".

Wheeler warned the strength of the New Zealand dollar was "unjustified and unsustainable".

The RBNZ governor noted when the kiwi declines from an unjustified and unsustainable level, the downward adjustment can be large.

The Australian dollar fell against the U.S. dollar, following the New Zealand dollar.

The Reserve Bank of Australia (RBA) Governor Glenn Stevens said at an economic forum in Melbourne that he was open to restrictions on home lending to investors, but he said he didn't consider macroprudential tools.

Stevens supported more economy risk taking.

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

EUR/USD: the currency pair fell to $1.2762

GBP/USD: the currency pair decreased to $1.6314

USD/JPY: the currency pair rose to Y109.33

The most important news that are expected (GMT0):

10:00 United Kingdom CBI retail sales volume balance September 37 34

12:30 U.S. Durable Goods Orders August +22.6% -17.7%

12:30 U.S. Durable Goods Orders ex Transportation August -0.7% Revised From -0.8% +0.7%

12:30 U.S. Durable goods orders ex defense August +24.9%

12:30 U.S. Initial Jobless Claims September 280 294

13:45 U.S. Services PMI (Preliminary) September 59.5 59.4

23:30 Japan Tokyo Consumer Price Index, y/y September +2.8%

23:30 Japan Tokyo CPI ex Fresh Food, y/y September +2.7% +2.7%

23:30 Japan National Consumer Price Index, y/y August +3.4%

23:30 Japan National CPI Ex-Fresh Food, y/y August +3.3% +3.2%

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