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02.02.2015 16:39

Foreign exchange market. American session: the U.S. dollar traded mixed to lower against the most major currencies after the mostly weak-than-expected U.S. economic data

The U.S. dollar traded mixed to lower against the most major currencies after the mostly weaker-than-expected U.S. economic data. The Institute for Supply Management's manufacturing purchasing managers' index for the U.S. declined to 53.5 in January from 55.5 in December, missing expectations for a decline to 54.9.

Personal spending decreased 0.3% in December, missing expectations for a 0.1% decline, after a 0.5% rise in November. November's figure was revised down from a 0.6% increase.

That was the largest decline since September 2009.

Personal income climbed 0.3% in December, exceeding expectations for 0.2% increase, after a 0.3% rise in November. November's figure was revised down from a 0.4% gain.

The personal consumption expenditures (PCE) price index excluding food and energy was flat in December, in line with expectations, after a flat reading in November.

On a yearly basis, the PCE price index excluding food and index rose 1.3% in December, after a 1.4% increase in November. Analysts had expected an increase of 1.4%.

The euro traded higher against the U.S. dollar. Eurozone's final manufacturing purchasing managers' index (PMI) remained unchanged at 51.0 in January, in line with expectations.

Germany's final manufacturing PMI declined to 50.9 in January from a preliminary reading of 51.0. Analysts had expected the final index to remain at 51.0.

France's final manufacturing PMI decreased to 49.2 in January from a preliminary reading of 49.5. Analysts had expected the final index to remain at 49.5.

The British pound traded mixed against the U.S. dollar despite the better-than-expected manufacturing PMI from the U.K. The U.K. manufacturing PMI increased to 53.0 in January from 52.5 in December, beating expectations for a rise to 52.9.

The Swiss franc traded higher against the U.S. dollar. The manufacturing purchasing managers' index in Switzerland dropped to 48.2 in January from 53.6 in December, missing expectations for a rise to 54.5.

Speculation that the Swiss National Bank (SNB) was unofficially targeting a new exchange floor for the Swiss franc against the euro weighed on the franc. Swiss newspaper Schweiz am Sonntag reported over the weekend that the SNB's next exchange floor might be CHF1.0500 to CHF1.1000 per euro.

The New Zealand dollar traded higher against the U.S. dollar. In the overnight trading session, the kiwi traded lower against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie traded slightly higher against the greenback after the economic data from Australia. The AIG manufacturing index rose to 49.0 in January from 46.9 in December.

Australia's commodity prices declined at annual rate of 20.4% in January.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen fell against the greenback. Japan's final manufacturing PMI climbed to 52.2 in January from 52.1 in December.

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