Forex Pros – The U.S. dollar was mixed against the other major currencies on Wednesday, as risk aversion remained at a high level after a negative assessment of the U.S. economy by a senior Federal Reserve official.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.27% to hit 1.2850.
Earlier Wednesday, successful bond auctions by Germany and Portugal saw lingering concerns over euro zone sovereign debt ease.
The greenback was also up against the pound, with GBP/USD falling 0.05% to hit 1.5579.
Earlier Wednesday, the minutes of the most recent meeting of the Bank of England’s monetary policy committee showed that members voted to leave monetary policy unchanged saying that “the margin of spare capacity” in the economy would help bring inflation back down to target.
But the greenback was down against the yen and the Swiss franc, with USD/JPY shedding 0.24% to hit 85.32 and USD/CHF losing 0.17% to hit 1.0416.
Meanwhile, the U.S. dollar was also down against its Canadian and New Zealand counterparts, with USD/CAD shedding 0.09% to hit 1.0320 and NZD/USD gaining 0.51% to hit 0.7158.
But the greenback was up against its Australian counterpart, with AUD/USD tumbling 0.76% to hit 0.8984.
Earlier in the day, data showed that a leading index of the Australian economy grew at an annualized rate of 6.0% in June, compared with growth of 7.4% in May, while separate data showed that Australian labor costs declined unexpectedly in June.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.09%.
Earlier in the day, St. Louis Fed President James Bullard said in an interview with the Wall Street Journal that there was still a fifty-fifty chance of further asset purchases in the U.S. if inflation continues to decline.
Source: ForexPros.com
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.27% to hit 1.2850.
Earlier Wednesday, successful bond auctions by Germany and Portugal saw lingering concerns over euro zone sovereign debt ease.
The greenback was also up against the pound, with GBP/USD falling 0.05% to hit 1.5579.
Earlier Wednesday, the minutes of the most recent meeting of the Bank of England’s monetary policy committee showed that members voted to leave monetary policy unchanged saying that “the margin of spare capacity” in the economy would help bring inflation back down to target.
But the greenback was down against the yen and the Swiss franc, with USD/JPY shedding 0.24% to hit 85.32 and USD/CHF losing 0.17% to hit 1.0416.
Meanwhile, the U.S. dollar was also down against its Canadian and New Zealand counterparts, with USD/CAD shedding 0.09% to hit 1.0320 and NZD/USD gaining 0.51% to hit 0.7158.
But the greenback was up against its Australian counterpart, with AUD/USD tumbling 0.76% to hit 0.8984.
Earlier in the day, data showed that a leading index of the Australian economy grew at an annualized rate of 6.0% in June, compared with growth of 7.4% in May, while separate data showed that Australian labor costs declined unexpectedly in June.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.09%.
Earlier in the day, St. Louis Fed President James Bullard said in an interview with the Wall Street Journal that there was still a fifty-fifty chance of further asset purchases in the U.S. if inflation continues to decline.
Source: ForexPros.com
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