Investing.com – The U.S. dollar was up against all of the other major currencies on Wednesday, after a report that that a second round of quantitative easing by the Federal Reserve would be more gradual than previously expected.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3809. 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 slipping 0.14% to hit 1.5821.
In addition, the greenback was up against the yen and the Swiss franc, with USD/JPY gaining 0.35% to hit 81.73 and USD/CHF surging 0.59% to hit 0.9901.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.53% to hit 1.0292, AUD/USD plunging 1.36% to hit 0.9719 and NZD/USD falling 0.36% to hit 0.7463.
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 0.38%.
Late Tuesday, a report in the Wall Street Journal said that the Fed was likely to unveil a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months, contrary to market expectations of purchases in excess of USD 1 trillion.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3809. 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 slipping 0.14% to hit 1.5821.
In addition, the greenback was up against the yen and the Swiss franc, with USD/JPY gaining 0.35% to hit 81.73 and USD/CHF surging 0.59% to hit 0.9901.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.53% to hit 1.0292, AUD/USD plunging 1.36% to hit 0.9719 and NZD/USD falling 0.36% to hit 0.7463.
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 0.38%.
Late Tuesday, a report in the Wall Street Journal said that the Fed was likely to unveil a program of U.S. Treasury bond purchases worth a few hundred billion dollars over several months, contrary to market expectations of purchases in excess of USD 1 trillion.