• Foreign exchange market. Asian session: the U.S. dollar traded lower against the most major currencies, but remained supported by Friday's U.S. labour market data

Market news

6 October 2014

Foreign exchange market. Asian session: the U.S. dollar traded lower against the most major currencies, but remained supported by Friday's U.S. labour market data

Economic calendar (GMT0):

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

00:00 China Bank holiday

00:30 Australia ANZ Job Advertisements (MoM) September +1.5% +0.9%

06:00 Germany Factory Orders s.a. (MoM) August +4.6% -2.4% -5.7%

06:00 Germany Factory Orders n.s.a. (YoY) August +4.9% -1.3%

08:30 Eurozone Sentix Investor Confidence October -9.8 -11.3 -13.7

The U.S. dollar traded lower against the most major currencies, but remained supported by Friday's U.S. labour market data. The economy in the U.S. added 248,000 jobs in September, exceeding expectations for 216,000 jobs, after 180,000 jobs in August. August's figure was revised up from 142,000 jobs.

The unemployment rate dropped to 5.9% in September from 6.1% in August. That was the lowest level since July 2008. Analysts had expected the unemployment rate to remain unchanged at 6.1%.

The New Zealand dollar traded slightly higher against the U.S. dollar in the absence of any major economic reports from New Zealand.

The strength of the greenback and the suspension of some Fonterra's milk powder products by Sri Lanka's health ministry weighed on the kiwi.

The Australian dollar traded higher against the U.S. dollar. ANZ job advertisements increased 0.9% in September, after a 1.6% gain in August. August's figure was revised up from a 1.5% rise.

The Japanese yen increased against the U.S. dollar in the absence of any major economic reports were released in Japan.

EUR/USD: the currency pair rose to $1.2523

GBP/USD: the currency pair increased to $1.5988

USD/JPY: the currency pair fell to Y109.48

The most important news that are expected (GMT0):

14:00 Canada Ivey Purchasing Managers Index September 50.9 53.4

21:00 New Zealand NZIER Business Confidence Quarter III 32

Market Focus
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