Market news
22.12.2014, 07:30

Foreign exchange market. Asian session: U.S. dollar weaker after recent gains

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

05:00 Japan BoJ monthly economic report

The greenback traded weaker against its major peers in Asian trade but continues to be supported by the FED's decision not to raise interest rates before April 2015 while other major countries are likely to maintain monetary stimulus. The U.S. dollar lost against the euro after rising to USD1.2219, the highest since August 2012. Today markets await data on Eurozone's Consumer Confidence and U.S. Existing Home Sales.

The Australian dollar booked gains against the U.S. dollar after last week's slump on Wednesday with new lows at USD0.8106, the weakest since 2010.

New Zealand's dollar lost against the greenback for a second day after the Westpac Consumer Sentiment declined from 116.7 to 114.8 in the fourth quarter. Markets await publication of New Zealand's Trade Balance due 21:45 GMT.

The Japanese yen traded slightly weaker during the Asian session after Bank of Japan's monthly economic report and before tomorrow's bank holiday.


EUR/USD: the euro added against the greenback

USD/JPY: the U.S. dollar traded weaker against the yen

GPB/USD: The British pound won against the U.S. dollar


The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

15:00 Eurozone Consumer Confidence December -12 -11

15:00 U.S. Existing Home Sales November 5.26 5.21

21:45 New Zealand Trade Balance, mln November -908 -550

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