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  • Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies despite the mostly better-than-expected U.S. economic data
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31.03.2015, 15:32

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies despite the mostly better-than-expected U.S. economic data

The U.S. dollar traded mixed to lower against the most major currencies despite the mostly better-than-expected U.S. economic data. The Conference Board's consumer confidence index for the U.S. jumped to 101.3 in March from 98.8 in February, beating expectations for a decline to 96.6. February's figure was revised up from 96.4.

The increase was driven by the better outlook for the labour market and incomes.

The Institute for Supply Management released its Chicago purchasing managers' index on Tuesday. The index climbed to 46.3 in March from 45.8 in February, missing expectations for a rise to 52.5. The harsh weather and labour problems at West Coast ports weighed on the index.

The S&P/Case-Shiller home price index increased 4.6% in January, in line with expectations, after a 4.4% gain in December. December's figure was revised down from a 4.5% rise.

Chairman of the index committee at S&P Dow Jones Indices David Blitzer said that the increase was driven by low interest rates and strong consumer confidence in the U.S.

The euro traded mixed against the U.S. dollar. Concerns over Greece's debt problems weighed on the euro. The Greek government failed to reach an agreement with its creditors on Monday.

The consumer inflation in the Eurozone rose to an annual rate of -0.1% in March from -0.3% in February. Analysts had expected a 0.3% drop. Lower energy prices weighed on the consumer inflation.

Eurozone's unemployment rate fell to 11.3% in February from 11.4% in January. January's figure was revised down from 11.2%. Analysts had expected the unemployment rate to decline to 11.2%.

The number of unemployed people in Germany declined by 14,000 in March, exceeding expectations for a 10,000 decline, after a 20,000 drop in February.

Germany's adjusted unemployment rate was down to 6.4% in March from 6.5% in February. Analysts had expected the unemployment rate to remain unchanged 6.5%.

German adjusted retail sales fell 0.5% in February, beating forecasts of a 0.9% drop, after a 2.3% gain in January. January's figure was revised down from a 2.9% increase.

French consumer spending increased 0.1% in February, missing expectations for a 0.3% gain, after a 0.7% rise in January. January's figure was revised up from a 0.6% increase.

The British pound traded higher against the U.S. dollar. The gross domestic product in the U.K. rose 0.6% in the fourth quarter, up from a previous estimate of 0.5% gain, exceeding expectations for a 0.5% rise.

On a yearly basis, the U.K. GDP increased 3.0% in the fourth quarter, up from a previous estimate of 2.7% rise, exceeding expectations for a 2.7% gain.

The U.K. current account deficit narrowed to £18.5 billion in the fourth quarter from £27.7 billion in the third quarter. The third quarter's figure was revised down from a deficit of £27.0 billion. Analysts had expected the current account deficit to decrease to £21.2 billion.

Business Investment in the U.K. rose 0.9% in fourth quarter, after a 1.4% rise the previous quarter.

On a yearly basis, business Investment in the U.K. surged 3.7% in fourth quarter, after a 2.1% increase the previous quarter.

The Canadian dollar rose against the U.S. dollar despite the weak Canadian GDP data. Canada's GDP decreased 0.1% in January, missing expectations for a 0.2% gain, after a 0.3% rise in December.

The decrease was driven by a decline the services sector. Service-sector output was down 0.3% in January. It was the first decline since February 2014.

The New Zealand dollar traded higher against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback after the mixed economic data from New Zealand. The ANZ business confidence index for New Zealand climbed to 35.8 in February from 34.4 in January.

Building permits in New Zealand dropped 6.3% in February, after a 4.6% decline in January. January's figure was revised down from a 3.8% decrease.

The Australian dollar increased against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback after the mostly weak economic data from Australia. Australia's HIA new home sales climb 1.1% in February, after a 1.8% gain in January.

Private sector credit in Australia climbed 0.5% in February, in line with expectations, after a 0.6% increase in January.

The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded lower against the greenback after the housing starts data from Japan. Housing starts in Japan dropped 3.1% in February, beating expectations for a 7.0% fall, after a 13.0% rise in January.

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