The U.S. dollar traded mixed to lower against the most major currencies after the mixed U.S. economic data. The U.S. preliminary gross domestic product increased at an annual rate of 3.5% in the third quarter, beating expectations for a 3.1% gain, after a 4.6% rise in the second quarter.
The number of initial jobless claims in the week ending October 25 in the U.S. rose by 3,000 to 287,000. The previous week's figure was revised to 284,000 from 283.000. Analysts had expected a decline to 277.000.
The euro rose against the U.S. dollar. The number of unemployed people in Germany declined by 22,000 in October, beating expectations for a 5,000 increase, after a 9,000 gain in September. September's figure was revised down from a 13,000 rise.
Germany's adjusted unemployment rate remained unchanged at 6.7% in October, in line with expectations.
Germany's preliminary consumer price index declined 0.3% in October, after a flat reading in September. Analysts had expected the consumer price index to remain unchanged.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.
The Swiss franc traded higher against the U.S. dollar. The KOF leading indicator rose to 99.8 in October from 99.3 in September, exceeding expectations for an increase to 99.2. September's figure was revised up from 99.1.
The New Zealand dollar increased against the U.S. dollar. In the overnight trading session, the kiwi declined against the greenback after yesterday's Reserve Bank of New Zealand's and Fed' interest rate decision. The Reserve Bank of New Zealand (RBNZ) kept its interest rate unchanged at 3.50%.
The RBNZ Governor Graeme Wheeler reiterated the New Zealand dollar's strength is "unjustified and unsustainable". He also said that he expects a "further significant depreciation".
The Australian dollar climbed against the U.S. dollar. In the overnight trading session, the Aussie fell against the greenback after yesterday's Fed' interest rate decision.
The Housing Industry Association released new home sales data for Australia. New home sales in Australia were flat in September, after a 3.3% rise in August.
Australia's import price index declined 0.8% in the third quarter, missing expectations for a 0.3% rise, after a 3.0% drop in the second quarter.
The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded lower against the greenback after yesterday's Fed' interest rate decision. No major economic reports were released in Japan.
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