The U.S. dollar traded mixed to higher against the most major currencies after the number of initial jobless claims and factory orders in the U.S. The number of initial jobless claims in the week ending September 27 fell by 8,000 to 287,000 from 295,000 in the previous week. Analysts had expected the number of initial jobless claims to climb by 4,000 to 299,000 last week.
Factory orders in the U.S. dropped 10.1% in August, missing expectations for a 9.2%, after a 10.5% gain in July.
The euro traded mixed against the U.S. dollar after the European Central Bank's interest decision and press conference. The European Central Bank kept its interest rate unchanged at 0.05%.
The ECB President Mario Draghi said at the press conference that the central bank will start purchasing covered bonds in the second half of October, while the asset-backed securities (ABSs) program will begin before the end of the year. Both programs will last for at least two years.
Draghi pointed out that the economic growth in the Eurozone is weakening.
Eurozone's producer price index fell 0.1% in August, beating forecasts for a 0.2% drop, after a 0.2% decline in July. July's figure was revised down from a 0.1% decrease.
The British pound declined against the U.S. dollar despite the better-than-expected construction purchasing managers' index from U.K. The U.K. construction purchasing managers' index rose to 64.2 in September from 64.0 in August. Analysts had expected the index to decline to 63.7.
The New Zealand dollar traded slightly lower against the U.S. dollar. In the overnight trading session, the kiwi jumped against the greenback due to weaker U.S. dollar. No major economic reports were released in New Zealand.
The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie climbed against the U.S. currency due to the solid economic data from Australia. The building permits in Australia rose 3.0% in August, exceeding expectations for a 1.1% increase, after a 2.1% gain in July. July's figure was revised down from a 2.5% rise.
Australia's trade deficit fell to A$0.79 billion in August from A$1.08 billion in July. July's figure was revised from a deficit of A$1.36 billion. Analysts had expected the trade deficit to decline to A$0.78 billion.
The Japanese yen traded higher against the U.S. dollar. Japan's monetary base increased 35.3% in September, missing expectations for a 38.9% rise, after a 40.5% gain in August.
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