Investing.com – The U.S. dollar was up against all of the other major currencies on Wednesday after a report in the Wall Street Journal said that the Federal Reserve was likely to unveil a gradual monetary easing program, confounding market expectations of very large scale easing.
During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.53% to hit 1.3784. Earlier in the day, official data showed that euro zone M3 money supply fell unexpectedly in September.
The greenback was also up against the pound, with GBP/USD dropping 0.38% to hit 1.5782.
In addition, the greenback was up against the yen and the Swiss franc, with USD/JPY gaining 0.18% to hit 81.58 and USD/CHF climbing 0.52% to hit 0.9893.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD soaring 0.84% to hit 1.0321, AUD/USD plunging 1.57% to hit 0.9699 and NZD/USD tumbling 0.73% to hit 0.7435.
Earlier in the day, official data showed that Australia’s CPI rose less-than-expected in the third quarter while a separate report showed that business confidence in New Zealand picked up in October.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.41%.
Also Wednesday, official data showed that U.S. new home sales rose more-than-expected in September. Meanwhile, separate data showed that U.S. core durable goods orders fell unexpectedly in September while durable goods orders rose more-than-expected.
During European late afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.53% to hit 1.3784. Earlier in the day, official data showed that euro zone M3 money supply fell unexpectedly in September.
The greenback was also up against the pound, with GBP/USD dropping 0.38% to hit 1.5782.
In addition, the greenback was up against the yen and the Swiss franc, with USD/JPY gaining 0.18% to hit 81.58 and USD/CHF climbing 0.52% to hit 0.9893.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD soaring 0.84% to hit 1.0321, AUD/USD plunging 1.57% to hit 0.9699 and NZD/USD tumbling 0.73% to hit 0.7435.
Earlier in the day, official data showed that Australia’s CPI rose less-than-expected in the third quarter while a separate report showed that business confidence in New Zealand picked up in October.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.41%.
Also Wednesday, official data showed that U.S. new home sales rose more-than-expected in September. Meanwhile, separate data showed that U.S. core durable goods orders fell unexpectedly in September while durable goods orders rose more-than-expected.