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08.12.2014, 16:30

Foreign exchange market. American session: the Canadian dollar traded lower against the U.S. dollar after the weaker-than-expected Canadian housing market data

The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by Friday's U.S. labour market data. The U.S. economy added 321,000 jobs in November, exceeding expectations for a rise of 225,000 jobs, after a gain of 243,000 jobs in October. October's figure was revised up from a rise of 214,000 jobs.

The U.S. unemployment rate remained unchanged at 5.8% in November, in line with expectations.

The U.S. currency was also supported by weak Chinese trade data. China's imports dropped 6.7% in November, after a 4.6% rise in October. Exports climbed 4.7% in November, after 11.6% gain in October.

There were released no major economic reports in the U.S. today.

The euro traded higher against the U.S. dollar. The Sentix investor confidence index for the Eurozone increased to -2.5 in December from -11.9 in November. Analysts had expected the index to climb to -9.9.

German industrial production rose 0.2% in October, in line with expectations, after a 1.1% gain in September. September's figure was revised down from a 1.4% increase.

The British pound traded mixed 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 weaker-than-expected Canadian housing market data. Building permits in Canada rose 0.7% in October, missing expectations for a 2.1% gain, after a 12.5% rise in September. September's figure was revised down from a 12.7% increase.

Housing starts in Canada increased to a seasonally adjusted annualized rate of 195,620 units in November from a revised reading of 183,659 units in October. Analysts had expected an increase to 201,000 units.

The Swiss franc increased against the U.S. dollar. Switzerland's consumer price index was flat in November, in line with expectations.

On a yearly basis, Switzerland's consumer price index declined 0.1% in November, missing expectations for a flat reading, after the flat reading in October.

Retail sales in Switzerland increased at an annual rate of 0.3% in October, missing expectations for a 0.9% rise, after a 0.5% gain in September. September's figure was revised up from a 0.3% increase.

The New Zealand dollar traded higher against the U.S. dollar in the absence of any major economic reports from New Zealand. In the overnight trading session, the kiwi declined against the greenback due to stronger the U.S. currency.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie fell against the greenback despite the solid economic data from Australia. Job advertisements in Australia increased 0.7% in November, after a 0.2% rise in October.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback after the mostly weak economic data from Japan. Japan's gross domestic product (GDP) was revised down to an annual fall of 1.9% in the third quarter from the preliminary estimate of a 1.6% decrease.

Japan's adjusted current account surplus rose to 947.0 billion yen in October from 414.4 billion yen in September.

Japan's economy watchers' current conditions index declined to 41.5 in November from 44.0 in October, missing expectations for an increase to 45.9.

Japan's economy watchers' future conditions index dropped to 44.0 in November from 46.6 in October.

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