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The U.S. dollar traded mixed against the most major currencies. The greenback remained supported by Monday's San Francisco Federal Reserve research report. The report showed that investors were underestimating the start of interest rate hike by the Fed. Market participants have concerns the Fed may raise its interest rate sooner than expected.
The euro traded slightly lower against the U.S. dollar. France's industrial production rose 0.2% in July, beating forecasts of a 0.4% decline, after a 1.2% rise in June. June's figure was revised down from a 1.3% gain.
On a yearly basis, France's industrial production climbed 0.1% in July, after a 0.4% drop in June.
The British pound traded mixed against the U.S. dollar after the speech of the Bank of England Governor Mark Carney before Parliament's Treasury committee. The Bank of England Governor Mark Carney said before Parliament's Treasury committee today that the timing to rise interest rate has moved closer. He added the central bank has a contingency plan for financial stability if Scotland votes for independence.
A weekend Scotland's independence poll still weighed on the pound. The poll showed 47% said "yes" to independence, while 45% said "no", with the rest undecided. That was the first time lead for "yes" campaign.
The New Zealand dollar traded mixed lower against the U.S dollar in the absence of any major economic reports from New Zealand. Market participants are awaiting the Reserve Bank of New Zealand's interest rate decision today. Interest rate is expected to remain unchanged at 3.50%.
The Australian dollar dropped against the U.S. dollar after the weaker-than-expected consumer confidence data from Australia, but recovered a part of its losses in the day trading session. The Westpac Banking Corporation released its consumer confidence for Australia today. The consumer confidence in Australia fell by 4.6% in September, after a 3.8% gain in August.
The Japanese yen traded mixed against the U.S. dollar. Core machinery orders in Japan rose 3.5% in July, missing expectations for a 4.1% gain, after a 8.8% rise in June.
On a yearly basis, Core machinery orders in Japan climbed 1.1% in July, beating expectations for a 0.6% increase, after a 3.0% decline in June.
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