• Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies, increasing concerns over tensions in Ukraine

Market news

12 May 2014

Foreign exchange market. American session: the U.S. dollar traded mixed against the most major currencies, increasing concerns over tensions in Ukraine

The U.S. dollar traded mixed against the most major currencies. Increasing concerns over tensions in Ukraine had a negative impact on markets. Pro-Russian separatists said that the referendum held in two regions of eastern Ukraine proved successful. Both Ukrainian government and the West condemned the vote. Later in the day, the Congressional Budget Office will release the U.S. federal budget balance.

The euro traded mixed against the U.S. dollar. No economic data was published in the Eurozone.

The Swiss Franc traded lower against the U.S. dollar. Market participants remained unimpressed by the Swiss economic data. Swiss retail sales increased 3.0%, from a 1.2% rise in February. February’s figure was revised up from 1.0%. Analysts had expected a 1.9% increase.

The British pound climbed against the U.S., but later lost a part of its gains. The British currency was supported by expectations that the Bank of England will hike interest rates in the first quarter of the next year.

The Canadian dollar recovered a part of its Friday’s losses against the U.S. dollar.

The New Zealand dollar traded mixed against the U.S. dollar. No economic data was published in New Zealand.

The Australian dollar increased against the U.S., but later lost its gains. The Australian currency was supported by good economic data from Australia. The National Australia Bank’s business confidence index increased to 6 in April, from 4.1 in March.

The Japanese yen declined against the U.S. dollar due to the weaker-than-expected Japanese economic data. Japan’s Ministry of Finance has released the current account figures. The current account surplus decreased to 116.4 billion yen in March, 612.7 billion yen in February. Analysts had expected a surplus of 347.7 billion yen.
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