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Forex - Dollar mixed vs. rivals amid heightened risk aversion

Published 08/12/2010, 06:57 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Thursday, as fears over a slowdown in global growth saw risk aversion intensify.

During European morning trade, the greenback was up against the euro, with EUR/USD falling 0.26% to hit 1.2829.

Earlier in the day, official data showed that industrial production in the euro zone fell more-than-expected in June.

The greenback was also up against the pound, with GBP/USD falling 0.34% to hit 1.5604.

The greenback was up against the yen with USD/JPY shedding 0.01% to hit 85.31.

Earlier in the day, a verbal intervention by Japanese government officials saw the U.S. dollar ease against the yen, but as USD/JPY pared gains, moving closer to Wednesday's 15 year low, risk aversion escalated.

Meanwhile, the greenback was up against its Australian and New Zealand counterparts, with AUD/USD shedding 0.29% to hit 0.8944 and NZD/USD shedding 0.51% to hit 0.7110.

Earlier in the day, official data showed that the rate of employment in Australia rose unexpectedly in July.

But the greenback was down against the Swiss franc with USD/CHF shedding 0.44% to hit 1.0554.

The greenback was also down against its Canadian counterpart with USD/CAD shedding 0.05% to hit 1.0459.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.24%.

Later in the day, the U.S. was to publish key data on initial jobless claims.

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