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10.10.2014, 15:39

Foreign exchange market. American session: the Canadian dollar traded mixed against the U.S. dollar after the better-than-expected Canadian labour market data

The U.S. dollar traded mixed to higher against the most major currencies. The greenback remained supported by growing concerns about the global economy. The International Monetary Fund cut its forecast for global economic growth for 2014 and 2015 this week.

The U.S. import price index declined 0.5% in September, in line with expectations, after a 0.6% fall in August. August's figure was revised up from a 0.9% drop.

The euro traded lower against the U.S. dollar. France's industrial production was flat in August, beating forecasts of a 0.2% decline, after a 0.3% increase in July. July's figure was revised up from a 0.2% gain.

The British pound traded mixed against the U.S. dollar. Earlier, the pound fell against the greenback despite the better-than-expected trade balance data from the U.K. The trade deficit in the U.K. fell to £9.10 billion in August from £10.41 billion in July, beating expectations for a decrease to £9.60 billion. July's figure was revised from a deficit of £10.19 billion.

The Canadian dollar traded mixed against the U.S. dollar after the better-than-expected Canadian labour market data. Canada's unemployment rate dropped to 6.8% in September from 7.0% in August. That was the lowest level since December 2008.

Analysts had expected the unemployment rate to remain unchanged at 7.0%.

The number of employed people jumped by 74,100 in September, exceeding expectations for a rise of 20,000, after a 11,000 fall in August.

The New Zealand dollar traded mixed against the U.S. dollar in the absence of any major economic reports from New Zealand. In the morning trading session, the kiwi decreased against the greenback.

The Australian dollar traded mixed against the U.S. dollar. In the morning trading session, the Aussi dropped against the greenback.

Home loans in Australia declined 0.9% in August, missing expectations for a 0.2% rise, after a 0.3% increase in July.

The Reserve Bank of Australia assistant governor Malcolm Edey told today that the long period of low interest rates led to a "concentration of risk- taking" in parts of Australian economy, particularly in the housing market.

The Japanese yen traded mixed against the U.S. dollar. The BoJ released its minutes from the latest meeting. The central bank said that exports remained weak. One BoJ board member expressed concerns that inflation target of 2% would be achieved in about two years.

Japan's tertiary industry index fell 0.1% in August, missing expectations for a 0.2% rise, after a 0.3% drop in July. July's figure was revised down from a flat reading.

Japan's consumer confidence index fell to 39.9 in September from 41.2 in August, missing expectations for a rise to 42.2.

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