Market news
16.02.2015, 16:32

Foreign exchange market. American session: the U.S. dollar traded mixed to higher against the most major currencies in quiet trade

The U.S. dollar traded mixed against the most major currencies in the absence of any major economic reports from the U.S. Markets in the U.S. are closed for the Presidents' Day Holiday.

The greenback remained under pressure after Friday's the weaker-than-expected Thomson Reuters/University of Michigan preliminary consumer sentiment index. The index declined to 93.6 in February from a final reading of 98.1 in January, missing expectations for an increase to 98.2.

The euro traded mixed against the U.S. dollar. Eurozone's trade surplus increased to €24.3 billion in December from €21.2 billion in November, exceeding expectations for a rise to €21.3 billion. November's figure was revised up from a surplus of €20.0 billion.

The increase was driven by lower imports.

Exports climbed by 1.0% in December, while imports fell 2.0%.

Exports were boosted by a weaker euro and lower oil prices.

Investors remained cautious due to new debt deal talks between the European Union and Greece.

The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.

The New Zealand dollar traded mixed against the U.S. dollar. In the overnight trading session, the kiwi rose against the greenback after the solid retail sales data from New Zealand. Retail sales in New Zealand rose 1.7% in the fourth quarter, up from a 1.6% increase in the previous quarter. That was the highest pace since the June 2012 quarter.

The Q3 figure was revised up from a 1.5% increase.

The rise was driven by sales in vehicles and parts.

Sales excluding automobiles climbed 1.5% in the fourth quarter, after a 1.4% gain in the previous quarter. The Q3 figure was revised up from a 1.4% rise.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback after new motor vehicle sales data for Australia. Australia's new motor vehicle sales declined 1.5% in January, after a 2.6% rise in December. December's figure was revised down from a 3.0% increase.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen traded higher against the greenback after the positive GDP data from Japan. Japan's gross domestic product increased by an annual rate of 2.3% in the fourth quarter, after a 2.3% fall in the previous quarter. The Q3 figure was revised down from a 1.9% decrease.

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