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  • Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies despite the better-than-expected U.S. retail sales and Reuters/Michigan consumer sentiment index
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14.11.2014, 16:42

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies despite the better-than-expected U.S. retail sales and Reuters/Michigan consumer sentiment index

The U.S. dollar traded mixed to lower against the most major currencies despite the better-than-expected U.S. retail sales and Reuters/Michigan consumer sentiment index. The U.S. retail sales rose 0.3% in October, exceeding expectations for a 0.2% increase, after a 0.3% drop in August.

Retail sales excluding automobiles increased 0.3% in October, beating expectations for a 0.2% increase, after a 0.2% decline in September.

The Thomson Reuters/University of Michigan preliminary consumer sentiment index rose to 89.4 in November from a final reading of 86.9 in October, exceeding expectations for an increase to 87.3. That was the highest level since July 2007.

The U.S. business inventories rose by 0.3 percent in September, in line with expectations, after a 0.1% gain in August. August's figure was revised down from a 0.2% increase.

The euro rose against the U.S. dollar. Eurozone's consumer price index was flat in October, in line with expectations, after a 0.4% gain in September.

On a yearly basis, Eurozone's consumer price inflation remained unchanged at 0.4% in October, in line with expectations.

Eurozone's consumer price inflation excluding food, energy, alcohol and tobacco fell to an annual rate of 0.7% in October from 0.8% in September.

Eurozone's preliminary gross domestic product (GDP) increased 0.2% in the third quarter, exceeding expectations for a 0.1% rise, after a 0.1% gain in the second quarter.

Germany's preliminary GDP gained 0.1% in the third quarter, in line with expectations, after a 0.1% decline in the second quarter. The second quarter's figure was revised up from a 0.2% drop.

France's preliminary GDP increased 0.3% in the third quarter, beating expectations for a 0.1% gain, after a 0.1% decrease in the previous quarter. The second quarter's figure was revised down from a flat reading.

The British pound traded mixed against the U.S. dollar. The U.K. construction output rose 1.8% in September, after a revised 3.0% drop in August.

The Canadian dollar increased against the U.S. dollar after the better-than-expected Canadian manufacturing shipments. Canadian manufacturing shipments climbed 2.1% in September, exceeding expectations for a 1.3% rise, after a 3.5% drop in August. August's figure was revised down from a 3.3 decline.

The New Zealand dollar climbed against the U.S. dollar in the absence of any major economic reports from New Zealand.

In the overnight trading session, the kiwi traded lower against the greenback.

The Australian dollar was up against the U.S. dollar in the absence of any major economic reports from Australia.

In the overnight trading session, the Aussie traded lower against the greenback after the Reserve Bank of Australia Assistant Governor Christopher Kent said that the RBA has not ruled out the possibility of intervening in the currency markets.

The Japanese yen traded mixed against the U.S. dollar in the absence of any major economic reports from Japan.

In the overnight trading session, the yen traded lower against the greenback as investors expect that Japan's Prime Minister Shinzo Abe will announce next week a delay in the sales-tax increase.

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