Investing.com - The U.S. dollar was broadly higher against the other major currencies on Monday, as investors remained jittery ahead of U.S. presidential elections on Tuesday and a critical Greek parliamentary vote later in the week.
During U.S. morning trade, the dollar was trading close to a two-month high against the euro, with EUR/USD down 0.42% to 1.2782.
The single currency was weighed by concerns over whether Greece’s parliament would approve a package of spending cuts and tax hikes in a vote on Wednesday, which will determine if Athens receives its next tranche of financial aid.
Meanwhile, investors were focused on the outcome of Tuesday’s U.S. elections, with opinion polls pointing to a close race between incumbent President Barack Obama and Republican challenger Mitt Romney.
The greenback was also higher against the pound, with GBP/USD losing 0.33% to trade at 1.5970.
In the U.K., data showed that the services purchasing managers index fell to 50.6 in October from 52.2 the previous month and against expectations for a reading of 52.0, fuelling concerns over the outlook for the economic recovery.
Elsewhere, the greenback was lower against the yen, with USD/JPY down 0.31% to 80.21, but gained ground against the Swiss franc, with USD/CHF rising 0.44% to 0.9440.
The greenback was mixed against its Canadian, Australian and New Zealand counterparts, with USD/CAD inching up 0.06% to 0.9963, AUD/USD up 0.23% to 1.0361 and NZD/USD dipping 0.01% to 0.8251.
The Canadian dollar weakened after official data showed that Canadian building permits fell by fell by 13.2% in September, compared to expectations for a 3% drop, as a result of declines in all three components of the non-residential sector.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.25% to 80.85.
The dollar was little changed after a report showed that the rate of growth in the U.S. service sector slowed in October, as new orders declined.
The Institute of Supply Management said its services PMI fell to 54.2 from a reading of 55.1 in September. Analysts had expected the PMI to decline to 54.5.
During U.S. morning trade, the dollar was trading close to a two-month high against the euro, with EUR/USD down 0.42% to 1.2782.
The single currency was weighed by concerns over whether Greece’s parliament would approve a package of spending cuts and tax hikes in a vote on Wednesday, which will determine if Athens receives its next tranche of financial aid.
Meanwhile, investors were focused on the outcome of Tuesday’s U.S. elections, with opinion polls pointing to a close race between incumbent President Barack Obama and Republican challenger Mitt Romney.
The greenback was also higher against the pound, with GBP/USD losing 0.33% to trade at 1.5970.
In the U.K., data showed that the services purchasing managers index fell to 50.6 in October from 52.2 the previous month and against expectations for a reading of 52.0, fuelling concerns over the outlook for the economic recovery.
Elsewhere, the greenback was lower against the yen, with USD/JPY down 0.31% to 80.21, but gained ground against the Swiss franc, with USD/CHF rising 0.44% to 0.9440.
The greenback was mixed against its Canadian, Australian and New Zealand counterparts, with USD/CAD inching up 0.06% to 0.9963, AUD/USD up 0.23% to 1.0361 and NZD/USD dipping 0.01% to 0.8251.
The Canadian dollar weakened after official data showed that Canadian building permits fell by fell by 13.2% in September, compared to expectations for a 3% drop, as a result of declines in all three components of the non-residential sector.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.25% to 80.85.
The dollar was little changed after a report showed that the rate of growth in the U.S. service sector slowed in October, as new orders declined.
The Institute of Supply Management said its services PMI fell to 54.2 from a reading of 55.1 in September. Analysts had expected the PMI to decline to 54.5.