Investing.com – The U.S. dollar was mixed against its major counterparts on Monday, as the euro eased off a five-month high amid speculation that expectations for a euro zone rate increase were now priced in.
During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.03% to hit 1.4229.
Earlier Monday, official data showed that producer price inflation in the euro zone posted its sharpest annual gain for nearly two-and-a-half years in February, boosted by higher energy costs.
But the greenback was lower against the pound, with GBP/USD climbing 0.26% to hit 1.6152.
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 0.07% to hit 83.99 and USD/CHF shedding 0.23% to hit 0.9217.
Meanwhile, the greenback was slightly higher against its Canadian and Australian counterparts but lower against its New Zealand cousin, with USD/CAD rising 0.11% to hit 0.9641, AUD/USD slipping 0.10% to hit 1.0376 and NZD/USD edging up 0.07% to hit 0.7682.
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 down 0.05%.
Later in the day, the Chairman of the U.S. Federal Reserve, Ben Bernanke was to speak.
During European afternoon trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.03% to hit 1.4229.
Earlier Monday, official data showed that producer price inflation in the euro zone posted its sharpest annual gain for nearly two-and-a-half years in February, boosted by higher energy costs.
But the greenback was lower against the pound, with GBP/USD climbing 0.26% to hit 1.6152.
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 0.07% to hit 83.99 and USD/CHF shedding 0.23% to hit 0.9217.
Meanwhile, the greenback was slightly higher against its Canadian and Australian counterparts but lower against its New Zealand cousin, with USD/CAD rising 0.11% to hit 0.9641, AUD/USD slipping 0.10% to hit 1.0376 and NZD/USD edging up 0.07% to hit 0.7682.
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 down 0.05%.
Later in the day, the Chairman of the U.S. Federal Reserve, Ben Bernanke was to speak.