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Foreign exchange market. American session: the U.S. dollar traded lower against the most major currencies ahead of the better-than-expected ISM non-manufacturing purchasing managers' index | 04.02.2015

 

The U.S. dollar traded higher against the most major currencies ahead of the better-than-expected ISM non-manufacturing purchasing managers' index. The Institute for Supply Management's non-manufacturing purchasing managers' index for the U.S. climbed to 56.7 in January from 56.5 in December, exceed expectations for a rise to 56.6.

 

 

A reading above 50 indicates a growth in the service sector.

 

 

Private sector in the U.S. added 213,000 jobs in January, according the ADP report on Wednesday. December's figure was revised up to 253,000 jobs from a previous reading of 241,000 jobs.

 

 

Analysts expected the private sector to add 221,000 jobs.

 

 

The euro traded lower against the U.S. dollar as concerns over Greece's bailout policy weighed on the euro.

 

 

Retail sales in the Eurozone rose 0.3% in December, beating expectations for a 0.1% decrease, after a 0.7% gain in November. November's figure was revised up from a 0.6% rise.

 

 

On a yearly basis, retail sales in the Eurozone surged 2.8% in December, after a 1.6% increase in November. November's figure was revised up from a 1.5% gain.

 

 

Eurozone' final services purchasing managers' index (PMI) climbed to 52.7 in January from a preliminary reading of 52.3. Analysts had expected the final index to remain at 52.3.

 

 

Germany's final services PMI rose to 54.0 in January from a preliminary reading of 52.7. Analysts had expected the final index to remain at 52.7.

 

 

France's final services PMI decreased to 49.3 in January from a preliminary reading of 49.5. Analysts had expected the final index to remain at 49.5.

 

 

The British pound traded lower against the U.S. dollar. In the morning trading session, the pound rose against the greenback after the better-than-expected services data from the U.K. Markit's and the Chartered Institute of Purchasing & Supply's services purchasing managers' index (PMI) for the U.K. climbed to 57.2 in January from 55.8 in December, exceeding expectations for a rise to 56.6.

 

 

The Canadian dollar fell against the U.S. dollar after the weaker-than-expected Canadian Ivey purchasing managers' index. Canada's seasonally adjusted Ivey purchasing managers' index fell to 45.4 in January from 55.4 in December. Analysts had expected the index to increase to 55.9.

 

 

That was the lowest level since May 2009.

 

 

A reading above 50 indicates a rise in the pace of activity, below 50 indicates a contraction in the pace of activity.

 

 

The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback after the mixed labour market data from New Zealand and on comments by the Reserve Bank of New Zealand (RBNZ) Governor Graeme Wheeler.

 

 

The unemployment rate in New Zealand increased to 5.7% in the fourth quarter from 5.4% in the third quarter, missing forecasts for a decline to 5.3%.

 

 

The participation rate rose to 69.7% in the fourth quarter from 69.0% in the previous three months, the highest rate since March 1986.

 

 

Employment increased 1.2% in the fourth quarter, beating expectations for 0.8% rise, after a 0.9% gain in the third quarter. The third quarter's was revised up from 0.8% increase.

 

 

The RBNZ Governor Graeme Wheeler said on Wednesday that interest rates will remain on hold "for some time".

 

 

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie dropped against the greenback after the solid services data from Australia. The Australian Industry Group's performance of services index rose to 49.9 in January from 47.5 in December.

 

 

The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback. Labour cash earnings in Japan climbed 1.6% in December, in line with expectations, after a 0.1% gain in November.



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