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  • Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the better-than-expected ISM manufacturing purchasing managers' index
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01.12.2014, 16:42

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the better-than-expected ISM manufacturing purchasing managers' index

The U.S. dollar traded mixed to lower against the most major currencies after the better-than-expected ISM manufacturing purchasing managers' index. The Institute for Supply Management manufacturing purchasing managers' index for the U.S. declined to 58.7 in November from 59.0 in October, beating expectations for a decline to 57.9.

The Markit final manufacturing purchasing managers' index rose to 54.8 in November from a previous reading of 54.7, missing expectations for a rise to 55.0.

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 traded higher against the U.S. dollar. 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.

The New Zealand dollar increased against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback after the weak Chinese economic data. China's manufacturing purchasing managers' index fell to 50.3 in November from 50.8 in October, missing expectations for a fall to 50.5.

The HSBC final manufacturing PMI for China remained unchanged at 50.0 in November, in line with expectations.

New Zealand's overseas trade index decreased 4.4% in the third quarter, after a 0.1% increase in the second quarter. The second quarter's figure was revised down from a 0.3 gain.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie decreased against the greenback after the weak Chinese economic data.

Company operating profits in Australia increased 0.5% in the third quarter, beating expectations for a 1.2% fall, after 7.5% drop in the second quarter. The second quarter's figure was revised down from a 6.9% decline.

The Japanese yen dropped against the U.S. dollar. In the overnight trading session, the yen traded lower against the greenback due to stronger U.S. currency.

In the morning trading session, the yen traded rose against the greenback. Moody's cuts Japan's rating to A1 from AA3.

Capital spending in Japan climbed 5.5% in the third quarter, after a 3.0% in the second quarter.

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