Forex - Dollar mixed after Fed, data points


Shutterstock photo - " The U.S. dollar was mixed against its major rivals during Thursday's Asian session following the end of a Federal Reserve meeting that provided little in the way of surprises.

In Asian trading Thursday, EUR/USD inched down 0.01% to 1.3735. Data released on Wednesday showed that Spain's economy emerged from a recession in the third quarter, for the first time since 2011. Spain's economy expanded 0.1% in the three months to September, following a 0.1% contraction in the previous quarter.

A separate report showed that the annual rate of consumer inflation in Spain fell by 0.1% in the third quarter. Spain is the euro zone's third-largest economy.

GBP/USD nudged down 0.02% to 1.6038 after fell to a reading of negative 11 in September following an August reading of negative 10. Analysts expected a September reading of negative 8.

USD/JPY fell 0.13% to 98.41 after the Fed did not provide a clear schedule for tapering of its USD85 billion-per-month easing program.

"Economic activity has continued to expand at a moderate pace. Indicators of labor market conditions have shown some further improvement, but the unemployment rate remains elevated," the Fed said in a statement.

"Available data suggest that household spending and business fixed investment advanced, while the recovery in the housing sector slowed somewhat in recent months. Fiscal policy is restraining economic growth."

Earlier Wednesday, the Japanese Ministry of Health, Labour and Welfare said that Japan's average cash earnings rose 0.1% in the third quarter following 0.9% drop in the prior quarter. The second-quarter reading was revised down from a drop 0.6%. Analysts expected a third-quarter drop of 0.5%.

USD/CHF inched up 0.01% to 0.8994 while USD/CAD nudged lower by 0.02% to 1.0478.

AUD/USD rose 0.21% to 0.9505 after the Australian Bureau of Statistics said that Australian building approvals rose 14.4% last week after falling 1.6% in the previous week. Analysts expected the number to rise 2.7% last week. The prior week's reading was revised up from a drop of 4.7%.

In a separate report, the Reserve Bank of Australia said Australian private sector credit rose 0.3% in September, the same increase seen in August. Analysts expected a September increase of 0.4%.

The Statistics Bureau also Australia's import producer prices jumped 6.1% last month after falling 0.3% in August. Analysts expected a September rise 0.4%.

NZD/USD fell 0.12% to 0.8259 after the Reserve Bank of New Zealand said the kiwi's strength may allow the central bank to delay future rate hikes.

The U.S. Dollar Index inched down 0.02% to 79.76. offers an extensive set of professional tools for the financial markets.
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This article appears in: Investing Forex and Currencies
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