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Forex – Dollar mixed vs. rivals after upbeat U.S., German data

Published 07/27/2010, 05:52 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Tuesday, as the U.S. dollar was boosted by better-than-expected home sales data and risk appetite increased after upbeat German economic data.

During European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.11% to hit 1.2979.

Earlier in the day, data showed that Germany's consumer climate index advanced to 3.9 in July, its highest level since Oct. 2008, after climbing to a revised 3.6 in June.

Analysts had expected the index to rise to 3.6 in July.

The greenback was also up against the pound and the yen, with GBP/USD shedding 0.08% to hit 1.5478 and USD/JPY gaining 0.52% to hit 87.35.

Earlier Tuesday, Japan's Finance Minister Yoshihiko Noda said that investors welcomed the results of the euro zone bank stress tests but refrained from commenting on the yen’s recent advance the U.S. dollar and the euro.

The greenback was up against the Swiss franc with USD/CHF jumping 0.93% to hit 1.0584.

Earlier in the day, data showed that Switzerland’s UBS consumption indicator rose to 1.81 in June, after declining to a revised 1.71 in May.

But the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.13% to hit 1.0309, AUD/USD climbing 0.14% to hit 0.9039 and NZD/USD advancing 0.18% to hit 0.7355.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.18%.

Later in the day, the U.S. was to release data on consumer confidence and house prices.

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