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07.01.2015 16:32

Foreign exchange market. American session: the U.S. dollar traded higher against the most major currencies after the better-than-expected U.S. economic data

The U.S. dollar traded higher against the most major currencies after the better-than-expected U.S. economic data. Private sector in the U.S. added 241,000 jobs in December, according the ADP report on Wednesday. November's figure was revised up to 227,000 jobs from a previous reading of 208,000 jobs. Analysts expected the private sector to add 227,000 jobs.

The U.S. trade deficit narrowed to $39.0 billion in November from a deficit of $42.2 billion in October. That was the lowest level since December 2013. October's figure was revised up from a deficit of $43.4 billion. Analysts had expected a trade deficit of $42.3 billion.

The decline of a deficit was driven by falling oil prices.

The Fed will release minutes of its last meeting. Investors expect signs when the Fed will start to hike its interest rate.

The euro traded lower against the U.S. dollar due to the weaker-than-expected inflation data from the Eurozone. The inflation declined to an annual rate of -0.2% in December from 0.3% in November. That was the lowest level since October 2009. Analysts had expected a flat reading.

The decline was driven by falling oil prices.

The inflation excluding food and energy costs increased to an annual rate of 0.8% in December from 0.7% in November.

These figures are adding to pressure on the ECB. Investors speculate that the European Central Bank could decide on its policy meeting on January 22 to purchase government bonds.

Eurozone's unemployment rate remained unchanged at 11.5% in November, in line with expectations.

The number of unemployed people in Germany declined by 27,000 in December, beating expectations for a 6,000 decline, after a 16,000 drop in November. November's figure was revised up from a 14,000 decrease.

Germany's adjusted unemployment rate fell to 6.5% in December from 6.6% in November. Analysts had expected the unemployment rate to remain unchanged.

German adjusted retail sales climbed 1.0% in November, exceeding expectations for a 0.2% rise, after a 2.0% gain in October. October's figure was revised up from a 1.9% increase.

Political uncertainty in Greece still weighed on the euro.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from the U.K.

The Canadian dollar traded lower against the U.S. dollar after the Canadian economic data. Canada's trade deficit widened to C$644 million in November from a deficit of C$327 million in October. October's figure was revised down from a surplus of C$99 million. Analysts had expected a trade deficit of C$0.2 billion.

The decline was driven by falling oil prices.

Canada's seasonally adjusted Ivey purchasing managers' index fell to 55.4 in December from 56.9 in November. Analysts had expected the index to decrease to 52.3.

The Swiss franc traded lower against the U.S. dollar. The Swiss National Bank's foreign exchange reserves increased to 495.104 billion Swiss francs in December from 462.669 billion francs in November. That is the result of the Swiss National Bank's (SNB) intervention in currency markets last month.

The New Zealand dollar fell against the U.S. dollar in the absence of any major market reports from New Zealand.

The Australian dollar traded lower against the U.S. dollar. In the overnight trading session, the Aussie traded mixed against the greenback. The Australian Industry Group's performance of services index rose to 47.5 in December from 43.8 in November.

The Japanese yen traded lower against the U.S. dollar in the absence of any major market reports from Japan.

07.01.2015 16:40

Оil pared gains

07.01.2015 16:20

Gold fell

Market Focus

  • Donald J. Trump was inaugurated as the 45th president of the United States
  • Canada: Retail Sales, m/m, November 0.2% (forecast 0.5%)
  • U.S.: Nonfarm Payrolls, January 227 (forecast 175)
  • Eurozone: Consumer Confidence, January -4.9
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