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  • Foreign exchange market. Asian session: the Japanese yen traded mixed against the U.S. dollar after the weak economic data from Japan
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08.09.2014, 08:57

Foreign exchange market. Asian session: the Japanese yen traded mixed against the U.S. dollar after the weak economic data from Japan

Economic calendar (GMT0):

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

00:00 China Bank holiday

01:30 Australia ANZ Job Advertisements (MoM) August +0.5% +1.5%

01:30 China Trade Balance, bln August 47.3 40.8 49.83

05:00 Japan Eco Watchers Survey: Current August 51.3 52.4 47.4

05:00 Japan Eco Watchers Survey: Outlook August 51.5 50.4

05:45 Switzerland Unemployment Rate August 3.2% 3.2% 3.2%

06:00 Germany Trade Balance July 16.2 17.3 22.2

07:00 United Kingdom Halifax house price index August +1.4% +0.2% +0.1%

07:00 United Kingdom Halifax house price index 3m Y/Y August +10.2% +9.7%

07:15 Switzerland Retail Sales Y/Y July +3.3% Revised From +3.4% +3.7% -0.6%

07:15 Switzerland Consumer Price Index (MoM) August -0.4% -0.1% 0.0%

07:15 Switzerland Consumer Price Index (YoY) August 0.0% 0.0% +0.1%

08:30 Eurozone Sentix Investor Confidence September 2.7 3.2 -9.8

The U.S. dollar traded higher against the most major currencies. The greenback was supported by Friday's U.S. labour market data. The U.S. economy added 142,000 jobs in August, missing expectations for a rise of 222,000 jobs, after a gain of 212,000 jobs in July. July's figure was revised up from a gain of 209,000 jobs.

That was the slowest pace in 2014.

The U.S. unemployment rate declined to 6.1% in August from 6.2% in July, in line with expectations.

The New Zealand dollar traded slightly lower against the U.S dollar in the absence of any major economic reports from New Zealand.

The Australian dollar declined against the U.S. dollar despite the better-than-expected job advertisements in Australia. Job advertisements in Australia rose 1.5% in August, after a 0.5% rise in July. July's figure was revised up from a 0.3% gain.

The Japanese yen traded mixed against the U.S. dollar after the weak economic data from Japan. Japan's gross domestic product (GDP) was revised down to a fall of 1.8% in the second quarter from the previous decline of 1.7%.

Japan's current account surplus fell to 99.3 billion yen in July, from 125.6 billion yen in June.

Japan's economy watchers' current conditions index decreased to 47.4 in August from 51.3 in July, missing expectations for an increase to 52.4.

Japan's economy watchers' future conditions index dropped to 50.4 in August from 51.5 in July.

EUR/USD: the currency pair fell to $1.2931

GBP/USD: the currency pair dropped to $1.6176

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

12:30 Canada Building Permits (MoM) July +13.5% +4.2%

23:50 Japan Monetary Policy Meeting Minutes

23:50 Japan Tertiary Industry Index July -0.1% -0.3%

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