• Foreign exchange market. European session: the euro traded higher against the U.S. dollar after mixed economic data from the Eurozone

Market news

7 July 2014

Foreign exchange market. European session: the euro traded higher against the U.S. dollar after mixed economic data from the Eurozone

Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

01:30 Australia AiG Performance of Construction Index June 46.7 51.8

03:30 Australia ANZ Job Advertisements (MoM) June -5.7% Revised From -5.6% +4.3%

07:00 Japan Leading Economic Index May 106.5 106.0 105.7

07:00 Japan Coincident Index May 111.1 111.0 111.1

07:45 Switzerland Unemployment Rate June 3.2% 3.2% 3.2%

08:00 Germany Industrial Production s.a. (MoM) May -0.3% Revised From +0.2% +0.3% -1.8%

08:00 Germany Industrial Production (YoY) May +1.8% +1.3%

09:00 Switzerland Foreign Currency Reserves June 444.4 449.6

10:30 Eurozone Sentix Investor Confidence July 8.5 7.5 10.1

11:00 Eurozone Eurogroup Meetings

11:00 Eurozone ECB President Mario Draghi Speaks

The U.S. dollar traded lower against the most major currencies. The U.S. currency remained supported by Thursday's strong U.S. labour market data. U.S. companies added 288,000 jobs in June.

The unemployment rate in the U.S. dropped to 6.1% in June from 6.3% in May. That was the lowest level since September 2008.

The euro traded higher against the U.S. dollar after mixed economic data from the Eurozone. German industrial production dropped 1.8% in May, missing expectations for a 0.3%, after a 0.3% decline in April. April's figure was revised down from a 0.2% increase.

Sentix investor confidence index for the Eurozone increased to 10.1 in July from 8.5 in June, beating expectations for a drop to 7.5.

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

The Swiss franc traded higher against the U.S. dollar after the economic data from Switzerland. Switzerland's unemployment rate remained unchanged at a seasonally adjusted 3.2% in June, in line with expectations.

The Swiss National Bank's foreign exchange reserves increased to 449.553 billion Swiss francs in June, from 444.351 billion Swiss francs in May. May's figure was revised down from 444.354 billion Swiss francs.

The Canadian dollar rose against the U.S. dollar ahead of the Canadian economic data. Building permits in Canada should increase 3.1% in May, after a 1.1% gain in April.

Ivey purchasing managers' index for Canada should climb to 51.3 in June from 48.2 in May.

EUR/USD: the currency pair climbed to $1.3601

GBP/USD: the currency pair decreased to $1.7114

USD/JPY: the currency pair declined to Y101.89

The most important news that are expected (GMT0):

14:30 Canada Building Permits (MoM) May +1.1% +3.1%

16:00 Canada Ivey Purchasing Managers Index June 48.2 51.3

16:30 Canada Bank of Canada Business Outlook Survey Quarter II

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