The U.S. dollar traded mixed to higher against the most major currencies after the better-than-expected existing home sales in the U.S. Existing home sales in the U.S. climbed 2.4% to a seasonally adjusted annual rate of 5.17 million in September from 5.05 million in August. That was the highest level of the year.
Analysts had expected an increase to 5.11 million.
The euro traded lower against the U.S. dollar. The report that the European Central Bank is considering to buy corporate bonds weighed on the euro. Reuters reported today that the European Central Bank (ECB) considering to start buying corporate bonds. The ECB could discuss the possibility of corporate bond buying program at its December meeting.
The British pound traded lower against the U.S. dollar. The U.K. public sector net borrowing climbed to £11.8 billion in September from £10.9 billion in August, missing expectations for a decline to £9.3 billion.
The Swiss franc traded lower against the U.S. dollar. Switzerland's trade surplus widened CHF2.45 billion in September from CHF1.33 billion in August, exceeding expectations for a rise to CHF 2.43 billion. August's figure was revised down from a surplus of CHF1.39 billion.
The New Zealand dollar fell against the U.S. dollar. In the overnight trading session, the kiwi rose against the greenback after the better-than-expected Chinese economic data. China's gross domestic product increased 7.3% in the third quarter, exceeding expectations for a 7.2% rise, after a 7.5% gain in the second quarter.
China's industrial production climbed 8.0% in September, beating forecasts of a 7.5% increase, after a 6.9% gain in August.
International visitor numbers in New Zealand climbed 1.2% in September, after a 3.0% drop in August.
Credit card spending in New Zealand increased 4.4% September, after a 4.2% gain in August.
The Australian dollar decreased against the U.S. dollar. In the overnight trading session, the Aussie climbed against the greenback after the better-than-expected Chinese economic data and the Reserve Bank of Australia's minutes of the monetary policy meeting.
The Reserve Bank of Australia (RBA) said nothing new in its minutes of the monetary policy meeting. The RBA reiterated that the Aussie "remained high by historical standards".
The Japanese yen traded mixed against the U.S. dollar. Japan's all industry activity index decreased 0.1% in August, beating expectations for a 0.3% drop, after 0.4% fall in July. July's figure was revised down from a 0.2% decline.
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