Dollar mixed after data avalanche The U.S. dollar was mixed - TopicsExpress



          

Dollar mixed after data avalanche The U.S. dollar was mixed against its major rivals during Friday’s Asian session following a raft of U.S., European and Asian data points. In Asian trading Friday, EUR/USD inched up 0.01% to 1.3243 after Germany reported that the number of people out of work climbed by 7,000 to 2.95 million, defying market calls for a decline of 5,000. The euro also contended with news out Thursday that Greece may need another bailout package next year. On Friday, the euro zone is to publish preliminary data on consumer price inflation, in addition to data on the unemployment rate. GBP/USD rose 0.05% to 1.5514 after GFK NOP said that U.K. GFK consumer confidence rose to -13 last month following a June reading reading of -16. Analysts expected a reading of -14. USD/JPY inched down 0.03% to 98.33 after the Statistics Bureau said that Japan’s core consumer price inflation was 0.7% last month after reading 0.4% in June. Analysts expected a July reading of 0.6%. Tokyo’s core CPI, which excludes fresh food costs, rose to 0.4% last month from 0.3% in June. Analysts expected the July reading of 0.4%. The Statistics Bureau also said Japanese household spending was up 0.1% last month after a June decrease of 0.4%. Analysts expected an increase of 0.3%. In a separate report, Japan’s Ministry of Economy, Trade and Industry said that industrial production in the world’s third-largest economy increased 3.2% in July after a 3.1% June decline. That missed analysts’ expectations for a 3.7% increase. The Statistics Bureau said Japan’s unemployment rate fell to 3.8% from 3.9% in June. Economists expected the July unemployment rate to be unchanged from June. USD/CHF fell 0.05% to 0.9306 while USD/CAD was flat at 1.0536. AUD/USD rose 0.04% to 0.8935 while NZD/USD inched down 0.01% to 0.7770 after Statistics New Zealand said that New Zealand said building consents there rose to -0.8% in July from -4% in June. Analysts had expected New Zealand Building Consents to rise to 1.3% last month. The U.S. Dollar Index nudged down 0.03% to 81.98.
Posted on: Fri, 30 Aug 2013 05:29:32 +0000

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