Investing.com – The U.S. dollar was mixed against its major counterparts on Tuesday, as market sentiment improved and oil prices stabilized, dampening demand for safe haven assets such as the Swiss franc and the yen.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.19% to hit 1.3835.
Earlier in the day, official data showed that the number of unemployed people in Germany declined significantly more-than-expected in February and the country’s unemployment rate also declined unexpectedly.
The greenback was also down against the pound, with GBP/USD climbing 0.32% to hit 1.6311.
Earlier Tuesday, data showed that manufacturing activity in the U.K. declined in line with expectations in February, while a separate report showed that net lending to individuals rose more-than-expected in January.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY advancing 0.41% to hit 82.12 and USD/CHF gaining 0.26% to hit 0.9312.
Official data showed earlier that Switzerland’s economy grew at a faster pace than expected in the fourth quarter, while a separate report showed that manufacturing activity in the country rose significantly more-than-expected in February.
Meanwhile, the greenbac was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD easing up 0.02% to hit 0.9716, AUD/USD dipping 0.02% to hit 1.0184 and NZD/USD sliding 0.21% to hit 0.7506.
Earlier Tuesday, the Reserve Bank of Australia held its overnight cash rate target at 4.75% in a widely expected move, saying a stronger currency and an expected slowdown in employment growth would help to control inflation.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.12%.
Later in the day, the Chairman of the Federal Reserve, Ben Bernanke, was to testify on the semi-annual monetary policy report before the Senate Banking Committee in Washington, while the U.S. Institute for Supply Management was to publish a report on manufacturing activity.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.19% to hit 1.3835.
Earlier in the day, official data showed that the number of unemployed people in Germany declined significantly more-than-expected in February and the country’s unemployment rate also declined unexpectedly.
The greenback was also down against the pound, with GBP/USD climbing 0.32% to hit 1.6311.
Earlier Tuesday, data showed that manufacturing activity in the U.K. declined in line with expectations in February, while a separate report showed that net lending to individuals rose more-than-expected in January.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY advancing 0.41% to hit 82.12 and USD/CHF gaining 0.26% to hit 0.9312.
Official data showed earlier that Switzerland’s economy grew at a faster pace than expected in the fourth quarter, while a separate report showed that manufacturing activity in the country rose significantly more-than-expected in February.
Meanwhile, the greenbac was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD easing up 0.02% to hit 0.9716, AUD/USD dipping 0.02% to hit 1.0184 and NZD/USD sliding 0.21% to hit 0.7506.
Earlier Tuesday, the Reserve Bank of Australia held its overnight cash rate target at 4.75% in a widely expected move, saying a stronger currency and an expected slowdown in employment growth would help to control inflation.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.12%.
Later in the day, the Chairman of the Federal Reserve, Ben Bernanke, was to testify on the semi-annual monetary policy report before the Senate Banking Committee in Washington, while the U.S. Institute for Supply Management was to publish a report on manufacturing activity.