Investing.com - The U.S. dollar remained broadly higher against the other major currencies on Monday, as investors remained cautious amid uncertainty over Spain and Greece, while the outlook for the global economy was clouded by a recent spate of weak corporate earnings reports.
During U.S. morning trade, the dollar was higher against the euro, with EUR/USD down 0.21% to 1.2912.
Trade volumes were expected to remain light during U.S. hours on Monday, as a result of the first market-wide, unscheduled closure since September 2001 as Hurricane Sandy hit the northeastern U.S. coast.
Meanwhile, Spanish Prime Minister Mariano Rajoy criticized the idea of a new European Union Commissioner with powers over the national budgets of euro zone countries earlier, saying it could be counterproductive.
Speaking following talks with Italy’s prime minister, Mr. Rajoy said he could ask for an bailout "if we think it is in the interest of Spaniards".
Market sentiment was also weighed by concerns over the global economic outlook, despite Friday’s better-than-expected U.S. data on economic growth, as weak third quarter corporate earnings results fuelled fears over a slowdown in demand.
The greenback was also higher against the pound, with GBP/USD dropping 0.34% to 1.6051.
The pound shrugged off official data showing that U.K. bank lending rose at the fastest pace in more than four-and-a-half years in September, while mortgage approvals also came in higher than expected.
The Bank of England said total net lending to individuals rose to GBP1.7 billion in September, after a decline of GBP0.3 billion in August, the strongest rise since February 2008. Analysts had expected net lending to increase to GBP0.6 billion.
The BoE said mortgage approvals rose to 50,024 in September, up from 47,921 in August, beating analysts' forecasts for 48,000.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY edging up 0.11% to 79.73, and USD/CHF adding 0.14% to 0.9360.
Market participants were anticipating the outcome of the Bank of Japan’s policy meeting on Tuesday amid expectations for further easing steps by the central bank.
Earlier Monday, official data showed that Japanese retail sales rose 0.4% in September compared to the same month last year, after a revised 1.7% rise in August. Economist had predicted a 1.0% increase.
The greenback was broadly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD up 0.28% to 0.9999, AUD/USD slipping 0.25% to 1.0348 and NZD/USD falling 0.36% to trade at 0.8198.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.19% to 80.25.
The U.S. dollar was little changed after official data showed that the U.S. core personal consumption expenditure index ticked up 0.1% in September, matching expectations, while personal spending rose 0.8%, beating forecasts for a 0.6% increase.
During U.S. morning trade, the dollar was higher against the euro, with EUR/USD down 0.21% to 1.2912.
Trade volumes were expected to remain light during U.S. hours on Monday, as a result of the first market-wide, unscheduled closure since September 2001 as Hurricane Sandy hit the northeastern U.S. coast.
Meanwhile, Spanish Prime Minister Mariano Rajoy criticized the idea of a new European Union Commissioner with powers over the national budgets of euro zone countries earlier, saying it could be counterproductive.
Speaking following talks with Italy’s prime minister, Mr. Rajoy said he could ask for an bailout "if we think it is in the interest of Spaniards".
Market sentiment was also weighed by concerns over the global economic outlook, despite Friday’s better-than-expected U.S. data on economic growth, as weak third quarter corporate earnings results fuelled fears over a slowdown in demand.
The greenback was also higher against the pound, with GBP/USD dropping 0.34% to 1.6051.
The pound shrugged off official data showing that U.K. bank lending rose at the fastest pace in more than four-and-a-half years in September, while mortgage approvals also came in higher than expected.
The Bank of England said total net lending to individuals rose to GBP1.7 billion in September, after a decline of GBP0.3 billion in August, the strongest rise since February 2008. Analysts had expected net lending to increase to GBP0.6 billion.
The BoE said mortgage approvals rose to 50,024 in September, up from 47,921 in August, beating analysts' forecasts for 48,000.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY edging up 0.11% to 79.73, and USD/CHF adding 0.14% to 0.9360.
Market participants were anticipating the outcome of the Bank of Japan’s policy meeting on Tuesday amid expectations for further easing steps by the central bank.
Earlier Monday, official data showed that Japanese retail sales rose 0.4% in September compared to the same month last year, after a revised 1.7% rise in August. Economist had predicted a 1.0% increase.
The greenback was broadly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD up 0.28% to 0.9999, AUD/USD slipping 0.25% to 1.0348 and NZD/USD falling 0.36% to trade at 0.8198.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.19% to 80.25.
The U.S. dollar was little changed after official data showed that the U.S. core personal consumption expenditure index ticked up 0.1% in September, matching expectations, while personal spending rose 0.8%, beating forecasts for a 0.6% increase.