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08.09.2014, 15:38

Foreign exchange market. American session: the Canadian dollar fell against the U.S. dollar despite the better-than-expected Canadian building permits

The U.S. dollar traded mixed to higher against the most major currencies. The greenback remained 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 euro traded mixed against the U.S. dollar. Germany's trade surplus jumped to €22.2 billion in July from €16.4 billion in June, exceeding expectations for a surplus €17.3 billion. June's figure was revised up from a surplus of €16.2 billion.

The Sentix investor confidence index for the Eurozone dropped to -9.8 in September from 2.7 in August, missing forecasts of an increase to 3.2. That was the lowest level since July 2013.

The British pound recovered a part of its losses against the U.S. dollar after a weekend Scotland's independence poll, but traded lower. A weekend poll showed 47% said "yes" to independence, while 45% said "no", with the rest undecided. That was the first time lead for "yes" campaign.

The Swiss franc traded mixed against the U.S. dollar after the mixed economic data from Switzerland. Retail sales in Switzerland declined at an annualized rate of 0.6% in July, missing expectations for a rise of 2.6%, after a 3.3% in June. June's figure was revised down from a 3.4% increase.

Switzerland's consumer price index (CPI) was flat in August, missing expectations for a 0.1% decline, after a 0.4% decrease in July.

On a yearly basis, Swiss CPI increased 0.1% in August (July: 0.0%). Analysts had expected the index to remain flat.

Switzerland's unemployment rate remained unchanged at 3.2% in August, in line with expectations.

The Canadian dollar fell against the U.S. dollar despite the better-than-expected Canadian building permits. Building permits in Canada climbed 11.8% in July, beating expectations for a 4.2% increase, after a 16.4% gain in June. June's figure was revised up from a 13.5% rise.

The New Zealand dollar traded 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 declined against the U.S. dollar. 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.

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