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20.08.2014 09:14

Foreign exchange market. Asian session: the Australian dollar traded lower against the U.S. dollar after comments by Reserve Bank of Australia Governor Glenn Stevens

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:30 Australia Leading Index June +0.1% -0.1%

04:30 Japan All Industry Activity Index, m/m June +0.6% -0.2% -0.4%

06:00 Germany Producer Price Index (MoM) July 0.0% +0.1% -0.1%

06:00 Germany Producer Price Index (YoY) July -0.7% -0.8%

08:30 United Kingdom Bank of England Minutes

The U.S. dollar traded higher against the most major currencies. The greenback was supported by yesterday's U.S. housing market data. Housing starts in the U.S. jumped 15.7% to 1.093 million units in July from 945,000 units in June. That was the strongest rate since November.

The number of building permits rose by 8.1% to 1.052 million units in July from 973,000 in June.

The New Zealand dollar traded lower against the U.S dollar due to the strong U.S. currency. No major economic reports were released in New Zealand.

The Australian dollar traded lower against the U.S. dollar after comments by Reserve Bank of Australia Governor Glenn Stevens. Mr Stevens told the House Economics Committee in Brisbane that the Aussie remains high because Australia is more attractive for international investors than other countries. He added that the Australian currency will "go down at some point", but he doesn't know when. The RBA governor said there is no need in intervention.

Australia's leading index declined 0.1% in June, after a 0.1% rise in May.

The Japanese yen traded lower against the U.S. dollar after the weaker-than-expected economic data from Japan. Japan's adjusted trade deficit declined to 1,023.8 billion yen in July from a deficit of 1,067.8 in June, missing expectations for a fall to a deficit of 770 billion yen. June's figure was revised up from a deficit of 1,080.8 billion yen.

Japan's all industry activity index fell 0.4% in June, missing expectations for a 0.2% decline, after a 0.6% increase in May.

EUR/USD: the currency pair declined to $1.3300

GBP/USD: the currency pair fell to $1.6600

USD/JPY: the currency pair increased to Y103.26

The most important news that are expected (GMT0):

10:00 United Kingdom CBI industrial order books balance August 2 4

12:30 Canada Wholesale Sales, m/m June +2.2% +1.3%

18:00 U.S. FOMC meeting minutes

20.08.2014 08:40

Asian stocks closed

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