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Forex - Dollar mixed as euro eases off multi-month highs

Published 04/04/2011, 04:57 AM
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Investing.com – The U.S. dollar was mixed against its major counterparts on Monday, as the euro slipped lower on the view that expectations for a rate hike by the European Central Bank were now priced into the market.

During European morning trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.09% to hit 1.4221.

Earlier in the day, data showed that investor confidence in the euro zone fell more-than-expected in March.

But the greenback was lower against the pound, with GBP/USD climbing 0.21% to hit 1.6145.

Earlier in the day, data showed that activity in the U.K. construction sector expanded broadly in line with expectations last month.

Elsewhere, the greenback turned lower against the yen and the Swiss franc with USD/JPY easing down 0.03% to hit 84005 and USD/CHF slipping 0.11% to hit 0.9228.

Meanwhile, the greenback was lower against its Canadian and New Zealand counterparts but higher against its Australian cousin, with USD/CAD dipping 0.03% to hit 0.9628, NZD/USD edging up 0.07% to hit 0.7682 and AUD/USD slipping 0.06% to hit 1.0379.

Earlier Monday, data showed that inflation in Australia accelerated through March, while a separate report showed that the number of jobs advertized online and in newspapers rose for the 11th straight month in March.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.13%.

Later in the day, the Chairman of the U.S. Federal Reserve, Ben Bernanke was to speak.


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