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The euro traded mixed against the U.S. dollar. The euro increased against the U.S. dollar caused by market participants hope that the Eurozone inflation will be higher in this month. The report on euro zone inflation will be published on Wednesday. German import prices declined 0.6% in March. The projected figure was 0.0%. But later, the euro lost a part of its gains due to the better-than-expected U.S. pending home sales. U.S. pending sales of existing homes climbed 3.4% in March from February. It is the first increase for the first time in nine months. Analysts forecasted the increase of 1.0%.
The U.S. dollar recovered a part of its losses against the most major currencies after the publication of better-than-expected U.S. pending home sales.
The British pound was supported by expectations that the Bank of England could hike interest rates in the next year. Additionally, the potential AstraZeneca deal had a positive influence on the British pound. The British currency dropped after the National Association of Realtors published that the U.S. pending sales of existing homes climbed 3.4% in March from February.
The Japanese yen dropped against the U.S. dollar. The reason for the weak yen were the expectations of easing tensions in the Ukraine imposing new US sanctions on Russia.
The New Zealand dollar declined against the U.S.
dollar. NZD/USD declined toward the low of April 04, 2014.
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