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  • Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the mostly weaker-than-expected economic data from the Eurozone
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01.12.2014, 13:00

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after the mostly weaker-than-expected economic data from the Eurozone

Economic calendar (GMT0):

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

00:30 Australia Company Operating Profits Quarter III -7.5% Revised From -6.9% -1.2% +0.5%

01:00 China Manufacturing PMI November 50.8 50.5 50.3

01:35 Japan Manufacturing PMI (Finally) November 52.1 52.1 52.0

01:45 China HSBC Manufacturing PMI (Finally) November 50.0 50.0 50.0

05:30 Australia RBA Commodity prices, y/y November -16.9% -18.6%

08:30 Switzerland Manufacturing PMI November 55.3 52.9 52.1

08:48 France Manufacturing PMI (Finally) November 47.6 47.6 48.4

08:53 Germany Manufacturing PMI (Finally) November 50.0 50.0 49.5

08:58 Eurozone Manufacturing PMI (Finally) November 50.4 50.4 50.1

09:30 United Kingdom Purchasing Manager Index Manufacturing November 53.3 Revised From 53.2 53.1 53.5

09:30 United Kingdom Net Lending to Individuals, bln October 2.7 2.8 2.6

09:30 United Kingdom Mortgage Approvals October 61 59 59

The U.S. dollar traded lower against the most major currencies ahead of the ISM manufacturing purchasing managers' index. The index is expected to decline to 57.9 in November from 59.0 in October.

The greenback remained supported by falling oil prices.

The euro traded higher against the U.S. dollar after the mostly weaker-than-expected economic data from the Eurozone. Eurozone' final manufacturing purchasing managers' index (PMI) fell to 50.1 in November from a preliminary reading of 50.4. Analysts had expected the final index to remain at 50.4.

Germany's final manufacturing PMI declined to 49.5 in November from a preliminary reading of 50.0. Analysts had expected the final index to remain at 50.0.

France's final manufacturing PMI climbed to 48.4 in November from a preliminary reading of 47.6. Analysts had expected the final index to remain at 47.6.

The British pound rose against the U.S. dollar after the better-than-expected manufacturing PMI from the U.K. The U.K. manufacturing PMI increased to 53.5 in November from 53.3 in October, beating expectations for a decline to 53.1. October's figure was revised up from 53.2.

Net lending to individuals in the U.K. increased by £2.6 billion in October, missing expectations for a £2.8 billion rise, after a £2.7 billion gain in September.

The number of mortgages approvals in the U.K. fell to 59,426 in October from 61,234 in September. That was the lowest level since June 2013. Analysts had expected the number of mortgages approvals to decline to 59,000.

The Swiss franc traded higher against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland decreased to 52.1 in November from 55.3 in October, missing expectations for a decline to 52.9.

EUR/USD: the currency pair rose to $1.2477

GBP/USD: the currency pair increased to $1.5731

USD/JPY: the currency pair fell to Y118.07

The most important news that are expected (GMT0):

15:00 U.S. ISM Manufacturing November 59.0 57.9

17:15 U.S. FOMC Member Dudley Speak

18:00 U.S. FED Vice Chairman Stanley Fischer Speaks

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