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15.12.2014, 16:42

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data

The U.S. dollar traded mixed against the most major currencies after the mixed U.S. economic data. The U.S. industrial production increased 1.3% in November, exceeding expectations for a 0.8% rise, after a 0.1% gain in October. That was the highest rise since May 2010. October's figure was revised up from a 0.1% decrease.

The increase was driven by bigger output of consumer goods and business equipment.

The NAHB housing market index fell to 57.0 in December from 58.0 in November, missing expectations for a rise to 59.0.

The NY Fed Empire State manufacturing index dropped to -3.6 in November from 10.2 in October. That was the first negative reading since January 2013. Analysts had expected the index to rise to 12.1.

The decline was driven by a fall in orders and shipments.

The euro traded mixed against the U.S. dollar. Germany's Bundesbank released its monthly report. Bundesbank said that if oil prices continue to decline, it will cut its inflation forecast for 2015 by 0.4%. Bundesbank expects inflation of 1.1% in 2015.

The British pound fell against the U.S. dollar despite the better-than-expected industrial order books balance. The CBI industrial order books balance climbed to +5% in December from +3% in November. That was the highest level since August. Analysts expected the CBI industrial order books balance to remain unchanged at +3%.

The Swiss franc traded mixed against the U.S. dollar. Switzerland's producer and import prices declined 0.7% in November, missing forecasts of a 0.2% rise, after a 0.1% fall in October.

On a yearly basis, producer and import prices decreased 1.6% in November, after a 1.1% drop in October.

The New Zealand dollar traded mixed against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback in the absence of any major economic reports.

The Australian dollar mixed against the U.S. dollar. In the overnight trading session, the Aussie traded mixed against the greenback after the Australian outlook report and new motor vehicle sales data for Australia. Australia's government said that the budget deficit will be A$40.4 billion in the fiscal year ending June 30, 2015, down from May's estimate of A$29.8 billion.

The unemployment rate in Australia is expected to be 6.5% by mid 2015, up from May's estimate of 6.25%.

Australia's new motor vehicle sales declined 0.6% in November, after a 1.6% drop in October.

The Japanese yen rose against the U.S. dollar due to risk aversion. Japan's Tankan manufacturing index decline to 12 in the fourth quarter from 13 in the third quarter.

Japan's Tankan non-manufacturing index rose to 16 in the fourth quarter from 13 in the third quarter.

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