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06.06.2014, 15:33

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

The U.S. dollar traded higher against the most major currencies after the mixed U.S. jobs market data. The unemployment rate in the U.S. remained unchanged at 6.3% in May. Analysts had expected an increase to 6.4%.

The U.S. economy added 217,000 in May, missing expectations for a 218,000 rise, after a 282,000 gain in April. April’s figure was revised down from a 288,000 increase.

These figures seem to be another sign that the U.S. economy gaining the kind of sustained momentum.

The euro traded lower against the U.S. dollar. Market participants seemed to be unimpressed by the stimulus measures by the European Central Bank.

German economic data was released. Germany's trade surplus climbed to €17.7 billion in April from €15.0 billion in March. March’s figure was revised up from a surplus of €14.8 billion. Analysts had expected Germany’s trade surplus to increase to €15.2 billion.

German industrial production rose 0.2% in April, missing expectations for a 0.4% gain, after a 0.5% decline in March. On a yearly basis, the industrial production in Germany increased 1.8% in April, after a 3.0% rise in March.

Germany’s current account surplus declined to €18.4 billion in April from €19.5 billion in March.

The British pound traded lower against the U.S. dollar. The U.K. trade deficit rose to £8.92 billion in April, from £8.29 billion in March. March’s figure was revised up from a deficit of £8.48 billion. Analysts had expected the U.K. trade deficit to increase to £8.65 billion.

The U.K. consumer inflation expectations declined to 2.6% from 2.8%.

The Swiss franc traded lower against the U.S. dollar. Switzerland’s consumer price index climbed 0.3% in May, exceeding expectations for a 0.2% gain, after a 0.1% rise in April.

The Canadian dollar declined against the U.S. dollar due to the higher unemployment rate in Canada. Canada's unemployment rate climbed to 7.0% in May, from 6.9% in April. Analysts had expected the unemployment rate to remain unchanged.

The Canadian economy added 25,800 in May, exceeding expectations for a 25,000 gain, after a 28,900 decline in April. Most of the gains were in part-time work. The job growth in the private sector was flat.

The New Zealand dollar traded mixed against the U.S dollar in the absence of any major reports in New Zealand.

The Australian dollar traded mixed against the U.S. dollar. The AI Group/HIA construction index for Australia increased to 46.7 in May from 45.9 in April. The index still remained in contractionary territory due to the weakness in engineering and commercial construction. Figures above 50 indicate expansion while figures below signal contraction.

The Japanese yen declined against the U.S. dollar after the U.S. labour market data. Japan’s leading economic index declined to 106.6 in April from 107.1 in March, but exceeding expectations for a decline to 106.2.

Japan’s coincident index slid to 111.1 in April from 114.5 in March.

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