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The U.S. dollar traded mixed to lower against the most major currencies after the weaker-than-expected factory orders from the U.S. Factory orders in the U.S. declined 0.6% in September, missing expectations for a 0.4% fall, after a 10.0% drop in August. August's figure was revised up from a 10.1% decrease.
The U.S. trade deficit widened to $43.03 billion in September from a deficit of $40.0 in August. August's figure was revised up from a deficit of $40.1 billion.
The euro rose against the U.S. dollar. The European Commission (EC) lowered its forecast for Eurozone's economic growth to 0.8% in 2014, down from 1.2%. The economic growth in the Eurozone is lowered to 1.1% in 2015, down from 1.7% previously.
The EC expects inflation in the Eurozone to remain below the European Central Bank's 2% target until at least 2016.
The EC lowered its forecasts due to a slowdown of the European economy and geopolitical crises.
The British pound traded mixed against the U.S. dollar. The construction purchasing managers' index in the U.K. fell to 61.4 in October from 64.2 in September. Analysts had expected the index to decline to 63.5.
The Canadian dollar traded mixed against the U.S. dollar after the better-than-expected trade data from Canada. Canada's trade balance returned unexpectedly to surplus in September, driven by motor vehicle and parts shipments. The trade surplus was C$0.7 billion in September, up from a deficit of C$0.5 billion in August. August's figure was revised up from a deficit of C$0.6 billion. Analysts had expected the trade deficit to widen to C$0.7 billion.
The New Zealand dollar traded higher against the U.S. dollar in the absence of any major economic reports from New Zealand.
The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie climbed against the greenback after the Reserve Bank of Australia's interest rate decision. The Reserve Bank of Australia (RBA) kept its interest rate unchanged at 2.50%. This decision was widely expected.
The Reserve Bank of Australia Governor Glenn Stevens said that "the Australian dollar remains above most estimates of its fundamental value".
Retail sales in Australia rose 1.2% in September, exceeding expectations for a 0.4% increase, after a 0.1% gain in August.
Australia's trade deficit increased to A$2.26 billion in September from A$1.01 billion in August. August's figure was revised down from a deficit of A$0.79 billion. Analysts had expected the trade deficit to increase to A$1.78 billion.
The Japanese yen traded mixed against the U.S. dollar in the absence of any major economic reports from Japan.
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