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The U.S. dollar mixed to lower against the most major currencies after the weaker-than-expected U.S. consumer confidence. The U.S. revised GDP grew 3.9% in the third quarter, higher than the previous estimated growth of 3.5%.
The U.S. consumer confidence index unexpectedly declined to 88.7 in November from 94.1 in October, missing expectations for a rise to 95.9. October's figure was revised down from 94.5.
The S&P/Case-Shiller home price index increased by 4.9% in September, beating expectations for a 4.7% rise, after a 5.6% gain in August.
The euro rose against the U.S. dollar after the German GDP. Germany's final GDP grew 0.1% in third quarter, in line with expectations.
The Organization for Economic Cooperation and Development (OECD) released its economic outlook report on Tuesday. OECD said that the slowdown in Europe is dragging down the global economy. OECD also said that the European Central Bank should implement quantitative easing measures.
The British pound increased against the U.S. dollar. The Bank of England (BoE) Governor Mark Carney testified in front of the Treasury Select Committee. He said that the economy in the U.K. faces risks from geopolitical tensions and a slowdown of global growth. Carney reiterated that inflation in the U.K. could fall below 1% in the next few months.
The number of mortgage approvals decreased to 37,076 in October from 39,127 in September, missing expectations for a decline to 38,500. That was the lowest level since May 2013. September's figure was revised down from 39,300.
The Canadian dollar traded higher against the U.S. dollar after the Canadian retail sales. Canadian retail sales increased by 0.8% in September, exceeding expectations for a 0.6% rise, after a 0.2% decline in August. August's figure was revised up from a 0.3% drop.
The increase was driven by cars, furniture and appliances.
Canadian retail sales excluding automobiles were flat in September, missing forecasts of a 0.4% gain, after 0.2% drop in August. August's figure was revised up from a 0.3% decrease.
The New Zealand dollar traded higher against the U.S. dollar. In the overnight and morning trading session, the kiwi fell against the greenback after the weak Reserve Bank of New Zealand' inflation expectations. Inflation expectations declined to 2.1% in the third quarter from 2.2% in the second quarter.
The Australian dollar traded mixed against the U.S. dollar. In the overnight and morning trading session, the Aussie fell against the greenback. The Reserve Bank of Australia Deputy Governor Philip Lowe said in his speech to economists in Sydney today that the Australian dollar should decline with lower commodity prices and investment.
The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen rose against the greenback after comments by the Bank of Japan (BoJ) Governor Haruhiko Kuroda. He said in a speech to business leaders in Nagoya on Tuesday that 2% inflation target will be achieved in or around the fiscal year starting April 2015.
Kuroda defends that the boost of stimulus measures in October was necessary to beat deflation.
The BoJ governor declined to comment on the yen's recent rapid fall.
The minutes of the BoJ's October meeting showed that some officials were against plans to expand its stimulus measures.
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