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The U.S. dollar traded mixed against the most major currencies. There has been released no major economic reports from the U.S. today.
The euro traded higher against the U.S. dollar, benefited from the better-than-expected German Ifo business climate index. The index rose to 106.7 in January from 105.5 in December, exceeding expectations for a rise to 106.2.
Markets shrugged off concerns over Greek parliament election results. Syriza party won the country's parliament elections on Sunday. The party has pledged to renegotiate the terms of the country's €240 billion euro financial bailout and to reverse many of the austerity measures.
The European Central Bank's decision to expand its asset purchase programme to 60 billion euro a month starting from March 2015 until September 2016 still weighed on the euro.
The British pound traded higher against the U.S. dollar in the absence of any major economic reports from the U.K.
The New Zealand dollar traded lower against the U.S. dollar. In the overnight trading session, the kiwi fell against the greenback due to Greek parliament election results.
Credit card spending in New Zealand rose 4.5% in December, after a 5.1% gain in November. November's was revised down from a 5.2% increase.
The Australian dollar traded higher against the U.S. dollar in the absence of any major economic reports from Australia. In the overnight trading session, the Aussie traded lower against the greenback due to Greek parliament election results.
Markets in Australia were closed for a public holiday.
The Japanese yen traded lower against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback.
Japan's adjusted trade deficit narrowed to ¥712.1 billion in December from a deficit of ¥832.5 billion in November. November's figure was revised up from a deficit of ¥925.01 billion.
The Bank of Japan (BoJ) released its minutes from the latest meeting. The BoJ's board members said that falling oil prices will weigh on inflation in the short-term but will stimulate economy in the long-term.
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