Investing.com – The U.S. dollar was broadly higher against its major counterparts on Monday, as tensions in the Middle East and North Africa continued, while the euro remained supported after a string of better-than-expected economic data.
During European afternoon trade, the greenback was higher against the euro, with EUR/USD dipping 0.17% to hit 1.3665.
Earlier in the day, German research institute, Ifo said its Business Climate Index rose more-than-expected in February, to hit a new all-time high. Separate reports showed that the euro zone’s manufacturing and services sectors expanded more-than-expected in February.
The greenback was also up against the pound, with GBP/USD shedding 0.19% to hit 1.622.
Earlier Monday, industry data showed that house prices in the U.K. climbed for a second month in February.
Elsewhere, the greenback was down against the yen but up against the Swiss franc, with USD/JPY dipping 0.02% to hit 83.16 and USD/CHF climbing 0.37% to hit 0.9482.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but was higher against its Australian cousin, with USD/CAD shedding 0.32% to hit 0.9834, NZD/USD rising 0.24% to hit 0.7634 and AUD/USD shedding 0.36% to hit 1.0108.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.14%.
On Monday, markets in the U.S. were to remain closed for the President’s Day holiday.
During European afternoon trade, the greenback was higher against the euro, with EUR/USD dipping 0.17% to hit 1.3665.
Earlier in the day, German research institute, Ifo said its Business Climate Index rose more-than-expected in February, to hit a new all-time high. Separate reports showed that the euro zone’s manufacturing and services sectors expanded more-than-expected in February.
The greenback was also up against the pound, with GBP/USD shedding 0.19% to hit 1.622.
Earlier Monday, industry data showed that house prices in the U.K. climbed for a second month in February.
Elsewhere, the greenback was down against the yen but up against the Swiss franc, with USD/JPY dipping 0.02% to hit 83.16 and USD/CHF climbing 0.37% to hit 0.9482.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but was higher against its Australian cousin, with USD/CAD shedding 0.32% to hit 0.9834, NZD/USD rising 0.24% to hit 0.7634 and AUD/USD shedding 0.36% to hit 1.0108.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.14%.
On Monday, markets in the U.S. were to remain closed for the President’s Day holiday.