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  • Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies as U.S. durable goods orders dropped 18.2% in August
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25.09.2014, 15:35

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies as U.S. durable goods orders dropped 18.2% in August

The U.S. dollar traded mixed against the most major currencies after the U.S. durable goods orders and the number of initial jobless claims. U.S. durable goods orders declined 18.2% in August, missing expectations for a 17.7% drop, after a 22.5% rise in July. July's figure was revised down from a 22.6% increase. That was the largest drop since 1992.

U.S. durable goods orders excluding transportation increased 0.7% last month, in line with expectations, after a 0.5% fall in July. July's figure was revised up from a 0.7% decline.

U.S. durable goods orders excluding defence goods fell 19% last month, after a 24.9% gain in July.

The number of initial jobless claims in the week ending September 20 climbed by 12,000 to 293,000 from 281,000 in the previous week. The previous week's figure was revised from 280,000. Analysts had expected the number of initial jobless claims to increase to 294,000.

The euro traded mixed against the U.S. dollar. The euro remained under pressure after comments by the European Central Bank President Mario Draghi. He said in an interview with Lithuanian business daily Verslo Zinios that the ECB bank is ready to use additional unconventional instruments to counter deflationary risks.

The volume of private loans in the Eurozone fell by 1.5% in August, in line with expectations, after a 1.6% drop in July.

M3 money supply in the Eurozone rose 2% in August, exceeding expectations for a 1.9% increase, after a 1.8% growth in July.

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 fell to +31 in August from +37 in July. Analysts had expected a decline to +34.

The New Zealand dollar declined against the U.S. dollar. The comments by the Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler weighed on the kiwi. 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 traded mixed against the U.S. dollar. In the overnight trading session, the Aussie followed the New Zealand dollar and decreased.

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 higher against the U.S. dollar in the absence of any major economic reports from Japan.

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