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  • Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the weaker-than-expected economic data from the U.K.
Market news
29.10.2014, 13:08

Foreign exchange market. European session: the British pound traded lower against the U.S. dollar after the weaker-than-expected economic data from the U.K.

Economic calendar (GMT0):

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

00:00 New Zealand ANZ Business Confidence October 13.4 26.5

09:30 United Kingdom Net Lending to Individuals, bln September 3.2 2.8 2.7

09:30 United Kingdom Mortgage Approvals September 64 63 61

12:30 Canada Industrial Product Prices, m/m September +0.3% Revised From +0.2% +0.3% -0.4%

12:30 Canada Raw Material Price Index September -2.2% +1.5% -1.8%

The U.S. dollar traded mixed against the most major currencies ahead of the Fed's interest rate decision. Investors expect that the Fed will end its bond-buying program. They are awaiting new signs for further monetary policy in the U.S. The slowdown of the global growth and recent weaker-than-expected U.S. economic data could lead that the Fed will keep its low interest rate for a longer period.

The euro traded mixed against the U.S. dollar in the absence of any major economic reports from the Eurozone.

The British pound traded lower against the U.S. dollar after the weaker-than-expected economic data from the U.K. The number of mortgages approvals in the U.K. fell to 61,267 in September from 64,054 in August. That was the lowest level since July 2013. Analysts had expected the number of mortgages approvals to decline to 63,000.

Total lending to individuals in the U.K. rose by GBP 2.7 billion in September, missing expectations for an increase by GBP 2.8 billion, after a GBP 3.2 billion gain in August.

The Canadian dollar traded higher against the U.S. dollar despite the weaker-than-expected economic data from Canada. Canada's raw materials purchase price index fell 1.8% in September, missing expectations for a 1.5% rise, a 2.2% drop in August.

Canada's industrial product price index declined 0.4% in September, missing forecasts for a 0.3% rise, after a 0.3% gain in August. August's figure was revised up from a 0.2% increase.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.6109

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

18:00 U.S. Fed Interest Rate Decision 0.25% 0.25%

18:00 U.S. FOMC QE Decision 15 0

18:00 U.S. FOMC Statement

20:00 New Zealand RBNZ Interest Rate Decision 3.50% 3.50%

20:00 New Zealand RBNZ Rate Statement

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