Investing.com - The U.S. dollar was mixed against the other major currencies on Wednesday, as encouraging Chinese data offset weak data out of the euro zone, and investors looked ahead to the Federal Reserve’s rate statement later in the session.
During European afternoon trade, the dollar was slightly higher against the euro, with EUR/USD down 0.11% to 1.2971.
The euro turned lower after data showed that the flash euro zone manufacturing purchasing managers’ index fell to 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.
A separate report showed that the euro zone’s service’s PMI inched up to 46.2 in October from 46.1 last month.
Germany’s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, adding to concerns over the euro zone’s largest economy.
Separately, a report by German research institute Ifo showed that its closely watched business climate index deteriorated to its lowest level since March 2010 this month.
The single currency was supported amid speculation that Greece may be given two extra years to bring its budget deficit into line with targets.
The greenback was lower against the pound, with GBP/USD up 0.53% to 1.6036.
Demand for sterling was underpinned after Bank of England Governor Mervyn King said Tuesday that policymakers would have to think "long and hard" before implementing further quantitative easing measures.
Elsewhere, the greenback was little changed against the yen and the Swiss franc, with USD/JPY dipping 0.05% to 79.80 and USD/CHF inching up 0.04% to 0.9327.
The greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD sliding 0.27% to 0.9899, AUD/USD climbing 0.76% to 1.0343 and NZD/USD rising 0.52% to 0.8158.
The Australian and New Zealand dollars remained supported after a report earlier showed that China's HSBC manufacturing PMI improved to 49.1 in October, compared with a final reading of 47.9 in September.
Meanwhile, in Australia, official data showed that consumer price inflation rose 0.7% in the third quarter, slightly better than expectations for a 0.6% increase.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.05% to 79.99.
Later Wednesday, the Federal Reserve was to announce its benchmark interest rate and release its first monetary policy statement since the central bank announced a third round of quantitative easing in September. The U.S. was to release official data on new home sales.
Meanwhile, European Central Bank President Mario Draghi was to attend a meeting in Germany’s central bank, which was to be followed by a press conference.
During European afternoon trade, the dollar was slightly higher against the euro, with EUR/USD down 0.11% to 1.2971.
The euro turned lower after data showed that the flash euro zone manufacturing purchasing managers’ index fell to 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.
A separate report showed that the euro zone’s service’s PMI inched up to 46.2 in October from 46.1 last month.
Germany’s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, adding to concerns over the euro zone’s largest economy.
Separately, a report by German research institute Ifo showed that its closely watched business climate index deteriorated to its lowest level since March 2010 this month.
The single currency was supported amid speculation that Greece may be given two extra years to bring its budget deficit into line with targets.
The greenback was lower against the pound, with GBP/USD up 0.53% to 1.6036.
Demand for sterling was underpinned after Bank of England Governor Mervyn King said Tuesday that policymakers would have to think "long and hard" before implementing further quantitative easing measures.
Elsewhere, the greenback was little changed against the yen and the Swiss franc, with USD/JPY dipping 0.05% to 79.80 and USD/CHF inching up 0.04% to 0.9327.
The greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD sliding 0.27% to 0.9899, AUD/USD climbing 0.76% to 1.0343 and NZD/USD rising 0.52% to 0.8158.
The Australian and New Zealand dollars remained supported after a report earlier showed that China's HSBC manufacturing PMI improved to 49.1 in October, compared with a final reading of 47.9 in September.
Meanwhile, in Australia, official data showed that consumer price inflation rose 0.7% in the third quarter, slightly better than expectations for a 0.6% increase.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.05% to 79.99.
Later Wednesday, the Federal Reserve was to announce its benchmark interest rate and release its first monetary policy statement since the central bank announced a third round of quantitative easing in September. The U.S. was to release official data on new home sales.
Meanwhile, European Central Bank President Mario Draghi was to attend a meeting in Germany’s central bank, which was to be followed by a press conference.