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09.12.2014, 16:44

Foreign exchange market. American session: the U.S. dollar fell against the most major currencies due to risk aversion by investors

The U.S. dollar fell against the most major currencies due to risk aversion by investors. The Greek presidential elections next week and restrictions on collateral for short-term loans by Chinese government led to investments in safe-haven assets.

The Greek government announced today that it would hold presidential elections on Dec. 17. Analysts had not expected this decision.

Job openings climbed to 4.83 million in October from 4.69 million in September. September's figure was revised down from 4.74 million. Analysts had expected job openings to rise to 4.82 million.

Wholesale inventories in the U.S. rose 0.4% in October, exceeding expectations for a 0.1% increase, after a 0.4% gain in September. September's figure was revised up from a 0.3% rise.

The euro increased against the U.S. dollar due to the better-than-expected trade data from Germany. Germany's trade surplus climbed to €20.6 billion in October from €18.6 billion in September, exceeding expectations for a decline to €18.1 billion. September's figure was revised up from a surplus of €18.5 billion.

France's trade deficit narrowed to €4.6 billion in October from €4.7 billion in September, missing expectations for a decline to a deficit of €4.5 billion.

The British pound rose against the U.S. dollar despite the weaker-than-expected manufacturing production data from the U.K. Manufacturing production in the U.K. fell 0.7% in October, missing expectations for a 0.2% rise, after a 0.6% gain in September. September's figure was revised up from a 0.4% increase.

On a yearly basis, manufacturing production in the U.K. increased 1.7% in October, missing expectations for a 3.2% gain, after a 2.9% rise in September.

Industrial production in the U.K. decreased 0.1% in October, missing forecasts of a 0.3% rise, after a 0.7% increase in September. September's figure was revised up from a 0.6% increase.

On a yearly basis, industrial production in the U.K. rose 1.1% in October, missing expectations for a 1.8% rise, after a 0.8% gain in September. September's figure was revised down from a 1.5% gain.

The Swiss franc traded higher against the U.S. dollar. Switzerland's unemployment rate declined to 3.1% in November from 3.2% in October. Analysts had expected the unemployment rate to remain unchanged at 3.2%.

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

The Australian dollar rose against the U.S. dollar. In the overnight trading session, the Aussie fell against the greenback despite the disappointing economic data from Australia. The National Australia Bank's business confidence index fell to 1 in November from 4 in October.

The Japanese yen climbed against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback due to increasing demand for safe-haven yen.

Japan's preliminary machine tool orders increased to 36.6% in November from 30.8% in October. October's figure was revised down from 31.2%.

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