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31.10.2014, 16:34

Foreign exchange market. American session: the Canadian dollar traded lower against the U.S. dollar after the weak Canadian gross domestic product

The U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data. The final Reuters/Michigan Consumer Sentiment Index jumped to 86.9 in October from 86.4 in September, exceeding expectations for a rise to 86.4.

The Chicago purchasing managers' index increased to 66.2 in October from 60.5 in September, beating expectations for a decline to 59.5.

Personal income in the U.S. rose 0.2% in September, missing expectations for a 0.3% increase, after a 0.3% gain in August.

Personal spending in the U.S. declined 0.2% in September, missing expectations for a 0.1% rise, after a 0.5% gain in August.

The euro traded slightly higher against the U.S. dollar. Eurozone's consumer price index climbed at an annual rate of 0.4% in October, in line with expectations, up from a 0.3% rise in September.

Eurozone's unemployment rate remained unchanged at 11.5% in September, in line with expectations.

German adjusted retail sales fell 3.2% in September, missing expectations for a 1.0% decline, after a 1.5% gain in August. August's figure was revised down from a 2.5% increase.

Consumer spending in France dropped 0.8% in September, missing forecasts of a 0.5% decrease, after a 0.9% decline in August. August's figure was revised down from a 0.7% rise.

The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded lower against the U.S. dollar after the weak Canadian gross domestic product. The Canadian gross domestic product fell 0.1% in August, after the flat reading in July.

3.5% in the third quarter, beating expectations for a 3.1% gain, after a 4.6% rise in the second quarter.

The New Zealand dollar fell against the U.S. dollar. In the overnight trading session, the kiwi traded mixed against the greenback after the weak building permits data from New Zealand. The number of building permits in New Zealand dropped a seasonally adjusted 12.2% in September, after the flat reading in August.

The kiwi was supported by news that the Chinese government is lifting the temporary suspension for export of Fonterra powder products.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie declined against the greenback after the release of Australian producer price index and private sector credit. Australia's producer price index (PPI) rose 0.2% in the third quarter, after a 0.1% decline in the second quarter.

On a yearly basis, Australia's PPI increased 1.2% in the third quarter, missing expectations for a 2.6% rise, after a 2.3% gain in the second quarter.

Private sector credit in Australia climbed 0.5% in September, beating expectations for a 0.4% rise, after a 0.4% increase in August.

On a yearly basis, private sector credit in Australia rose 5.4% in September, after a 5.1% gain in August.

The Japanese yen dropped against the U.S. dollar after the Bank of Japan's interest rate decision. The Bank (BoJ) decided to increase its monetary base target to an annual increase of ¥80 trillion, up from ¥60-70 trillion, and to boost exchange-traded fund purchases to ¥3 trillion. This decision was not expected by analysts.

News that the Japanese government approved plans by the Government Pension Investment Fund to raise the holding of foreign stocks to 25% from 12% also weighed on the yen.

Japan's national consumer price index (CPI) rose 3.2% in September, exceeding expectations for a 3.0% gain, after a 3.3 increase in August.

Japan's national CPI excluding fresh food increased 3.0% in September, in line with expectations, after a 3.1% rise in August.

Tokyo's CPI climbed 2.5% in October, after a 2.9% rise in September.

Tokyo's CPI excluding fresh food gained 2.5% in October, in line with expectations, after a 2.6% increase in September.

Household spending in Japan dropped at annual rate of 5.6% in September, missing forecasts of a 4.0% decrease, after a 4.7% fall in August.

Japan's unemployment rate rose to 3.6% in September from 3.5% in August, in line with expectations.

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