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The U.S. dollar traded slightly lower against the most major currencies after the better-than-expected Reuters/Michigan consumer sentiment. Reuters/Michigan consumer sentiment index rose to 82.5 in June from 81.2 in May, exceeding expectations for an increase to 82.2.
The euro traded higher against the U.S. dollar after the German and French economic data. The German preliminary consumer price index (CPI) climbed 0.3% in June, beating forecasts of a 0.2% gain, after a 0.1% decline in May. On a yearly basis, German preliminary CPI rose 1.0% in June, after a 0.9% rise in May.
The consumer spending in France increased 1.0% in May, exceeding expectations for a 0.3% gain, after a 0.3% decline in April.
On a yearly basis, the consumer spending in France declined 0.6% in May, after a 0.5% drop in April.
The British pound traded slightly higher against the U.S. dollar after the U.K. economic data. The gross domestic product in the U.K. rose 0.8% in the first quarter, in line with expectations, after a 0.8% gain the previous quarter. On a yearly basis, the U.K. GDP increased 3.0% in the first quarter, missing forecasts of a 3.1% rise, after a 3.1% gain the previous quarter.
The U.K. current account deficit declined to £18.5 billion in the first quarter, from £23.5 billion in the fourth quarter of 2013. The fourth quarter's figure was revised down from a deficit of £22.4 billion. Analysts had expected the current account deficit to decrease to £17.1 billion.
Business Investment in the U.K. rose 5.0% in first quarter, exceeding expectations for a 2.7% gain, after a 2.7% rise the previous quarter. On a yearly basis, business Investment in the U.K. surged 10.6% in first quarter, beating expectations for a 8.7% rise, after a 2.7% increase the previous quarter.
The Swiss franc increased against the U.S. dollar after the release of KOF leading indicator. The KOF leading indicator for Switzerland increased to 100.4 in June from 99.8 in May, beating expectations for a decline to 99.1.
The Canadian dollar climbed against the U.S. dollar. The raw material price index in Canada declined 0.4% in May, missing expectations for a 1.3% increase, after a 0.1% gain in April.
The industrial product prices in Canada decreased 0.5% in May, missing expectations for a 0.4% rise, after a 0.2% decline in April.
The New Zealand dollar traded slightly higher against the U.S dollar. New Zealand's trade balance declined to NZ$285 million in May from NZ$498 million in April, beating expectations for a drop to NZ$250 million. April's figure was revised down from NZ$534 million.
The Australian dollar traded mixed against the U.S. dollar in the absence of any major economic data in Australia.
The Japanese yen traded mixed against the U.S. dollar. Japan's national CPI excluding fresh food increased 3.4% in May, in line with expectations, after a 3.2% gain.
Japan's national CPI rose 3.4% in May, after a 3.4% gain.
The Japanese unemployment rate declined to 3.4% in May, exceeding expectations for 3.6%, after 3.6% in April.
Household spending in Japan dropped 8%, missing expectations for a 1.9% decline in May, after a 4.6% decrease in April.
Retail sales in Japan decreased 0.4% in May, after a 4.3% decline in April. Analysts had expected a 1.9% decline.
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