• Foreign exchange market. Asian session: U.S. dollar trading flat to negative against its major peers

Market news

12 January 2015

Foreign exchange market. Asian session: U.S. dollar trading flat to negative against its major peers

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

00:00 Japan Bank holiday

00:30 Australia ANZ Job Advertisements (MoM) December +0.7% +1.8%

00:30 Australia Home Loans +0.2% +1.8% -0.7%

The U.S. dollar paused its rally against most major peers in Asian trade after Friday's mixed data on U.S. job reports showed showing incomes declined in December casting doubts on the FED's plans to raise interest rates rather sooner than later. Nevertheless the number of people employed rose more-than-expected to 252,000. The minutes of the FED's last policy meeting released last week showed that the FED is unlikely to raise the benchmark rates for "at least the next couple of meetings".

The Australian dollar traded higher for a third consecutive day after reaching multi-year lows on January 7th fuelled by solid local amid a broadly weakening U.S. dollar. ANZ job Advertisements rose by +1.8% in December, compared to a rise of +0.7% in November - growing at the fastest pace in 2 ½-years. Home Loans declined by -0.7%, not meeting forecasts of a growth at +1.8%. Revised last month's data had a reading of +0.2%.

New Zealand's dollar traded lower after new monthly highs against the greenback retreating from a four-day rally.

The Japanese yen traded stronger during the Asian against the greenback being currently quoted around USD118.29 rising close to its strongest level since December 17th. Japanese markets are closed today for a holiday.

EUR/USD: the euro gained slightly against the greenback

USD/JPY: the U.S. dollar traded slightly weaker against the yen

GPB/USD: The British pound gained against the U.S. dollar

The most important news that are expected (GMT0):

(time / country / index / period / previous value / forecast)

15:30 Canada Bank of Canada Business Outlook Survey Quarter IV

17:40 U.S. FOMC Member Dennis Lockhart Speaks

23:50 Japan Current Account (adjusted), bln November 883.4 133.2

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