Foreign exchange market. Asian session: U.S. dollar trades weaker against major peers

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07:00 SwitzerlandUBS Consumption Indicator November 1.32 (Revised From 1.29) 1.29

The greenback traded weaker against its major peers. The euro could recover from its two-year lows hit on December 23^rd amid the third and final attempt of Greece's Prime Minister Antonio Samaras attempt to get his candidate approved by the parliament. If this third attempt is not successful general elections will be held in late January or early February where the anti-austerity party Syriza could become more powerful.

The Australian dollar further recovered from new lows at USD0.8086 hit on December 23^rd currently trading at USD8134 amid signs that China is going to spur lending to strengthen economic growth. China is Australia's most important trading partner.

New Zealand's dollar rose against the greenback.

The Japanese yen traded slightly stronger during the Asian. This weekend the Japanese Government approved a 3.5 Trillion Yen fiscal stimulus to strengthen its economy and restore the country's public finances. Since the end of 2011 the Japanese currency slid more than 36%

EUR/USD: the euro added small gains against the greenback

USD/JPY: the U.S. dollar traded slightly weaker against the yen

GPB/USD: The British pound gained against the U.S. dollar

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