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

The U.S. dollar traded lower against the most major currencies after the mixed U.S. economic data. Pending home sales in the U.S. declined 1.1% in October, missing expectations for a 0.9% increase, after a 0.6% gain in September. September's figure was revised up from a 0.3% rise.

New home sales climbed 0.7% to a seasonally adjusted annual rate of 458,000 units in October from 455,000 units in September. September's figure was revised down from 467,000 units. Analysts had expected new home sales to reach 471,000 units.

The final University of Michigan's consumer sentiment index was 88.8 in November, down from the preliminary estimate of 89.4. Analysts had expected an increase to 90.2.

The Chicago purchasing managers' index declined from 66.2 in October to 60.8 in September, missing expectations for a fall to 63.1.

Personal spending increased 0.2% in October, missing expectations for a 0.4% gain, after the flat reading in September. September's figure was revised up from a 0.2% decrease.

Falling gasoline prices and a strengthening labour market were supporting consumer spending in the U.S.

Personal income climbed 0.2% in October, missing expectations for 0.4% increase, after a 0.2% rise in September.

The personal consumption expenditures (PCE) price index excluding food and energy increased 0.2% in October, beating forecasts of a 0.1 rise, after a 0.1% gain in September.

The U.S. durable goods orders rose 0.4% in October, beating expectations for a 0.4% decline, after a 0.9% drop in September. August's figure was revised up from a 1.1% decrease.

The increase was driven by the strength of transportation equipment. Demand for transportation products climbed 3.4 % in October

The U.S. durable goods orders excluding transportation fell 0.9% in October, missing expectations for a 0.5% gain, after a 0.2% rise in September. September's figure was revised up from a 0.1% decrease.

The U.S. durable goods orders excluding defence decreased 0.6% in October.

The number of initial jobless claims in the week ending November 22 in the U.S. rose by 21,000 to 313,000 from 292,000 in the previous week. The previous week's figure was revised down from 291,000. Analysts had expected a decline to 287.000.

The euro traded higher against the U.S. dollar in the absence of any major economic reports. The European Central Bank (ECB) Vice President Vitor Constancio said on Wednesday that the ECB could buy government bonds early next year if the central bank decides to add new stimulus measures.

The British pound traded mixed against the U.S. dollar. The U.K. revised GDP climbed by 0.7% in the third quarter, in line with expectations.

On a yearly basis, the U.K. GDP gained 3.0% in the third quarter, in line with expectations.

The Confederation of British Industry released its monthly Distributive Trades survey today. The CBI retail sales balance declined to 27% in November from 31% in October, missing expectations for a decrease to 28%.

The Swiss franc traded higher against the U.S. dollar. Switzerland's UBS consumption indicator declined to 1.29 points in October from 1.39 points in September. September's figure was revised down from 1.41 points.

The New Zealand dollar rose against the U.S. dollar in the absence of any major economic reports from New Zealand. In the overnight trading session, the kiwi declined against the greenback due to the strength of the U.S. currency.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie traded higher against the greenback. Construction work done in Australia fell 2.2% in the third quarter, missing expectations for a 1.7% decline, after a 1.2% drop in the second quarter.

In the morning trading session, the Aussie fell against the greenback.

The Japanese yen traded higher against the U.S. dollar in the absence of any major economic reports from Japan.