Investing.com - The U.S. dollar was mixed against its major counterparts on Thursday, as risk sentiment waned amid sustained debt concerns in the euro zone while the greenback remained supported by lower expectations for monetary easing by the Federal Reserve.
During European morning trade, the dollar was higher against the euro, with EUR/USD edging down 0.14% to hit 1.3123.
The euro came under pressure on Wednesday as the cost of insuring Spain’s debt against default climbed after a disappointing government bond auction added to concerns that Spain may be the next euro zone member to require a bailout.
The greenback was also higher against the pound, with GBP/USD declining 0.10% to hit 1.5874.
Official data showed earlier that manufacturing production in the U.K. fell 1% in February, disappointing expectations for a 0.1% rise.
The previous month’s figure had been downwardly revised to a 0.3% decline from a 0.1% rise.
The pound also remained under pressure as markets eyed the Bank of England’s rate statement later in the day.
The greenback was down against the yen, but moved higher against the Swiss franc, with USD/JPY losing 0.41% to hit 82.11 and USD/CHF adding 0.15% to hit 0.9172.
Earlier in the day, official data showed that consumer price inflation in Switzerland rose more-than-expected in March, ticking up 0.6% after a 0.3% rise the previous month.
Analysts had expected consumer price inflation to rise 0.4% in March.
The data came after the Swiss National Bank said in a report that foreign currency reserves rose to CHF237.5 billion in March from CHF227.2 billion the previous month.
Elsewhere, the greenback was higher against its Canadian counterpart but lower against its Australian and New Zealand cousins, with USD/CAD rising 0.12% to hit 0.9974, AUD/USD advancing 0.12% to hit 1.0282 and NZD/USD edging up 0.05% to hit 0.8152.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.08% to hit 79.97.
Later in the day, the U.S. was to publish government data on unemployment claims.
During European morning trade, the dollar was higher against the euro, with EUR/USD edging down 0.14% to hit 1.3123.
The euro came under pressure on Wednesday as the cost of insuring Spain’s debt against default climbed after a disappointing government bond auction added to concerns that Spain may be the next euro zone member to require a bailout.
The greenback was also higher against the pound, with GBP/USD declining 0.10% to hit 1.5874.
Official data showed earlier that manufacturing production in the U.K. fell 1% in February, disappointing expectations for a 0.1% rise.
The previous month’s figure had been downwardly revised to a 0.3% decline from a 0.1% rise.
The pound also remained under pressure as markets eyed the Bank of England’s rate statement later in the day.
The greenback was down against the yen, but moved higher against the Swiss franc, with USD/JPY losing 0.41% to hit 82.11 and USD/CHF adding 0.15% to hit 0.9172.
Earlier in the day, official data showed that consumer price inflation in Switzerland rose more-than-expected in March, ticking up 0.6% after a 0.3% rise the previous month.
Analysts had expected consumer price inflation to rise 0.4% in March.
The data came after the Swiss National Bank said in a report that foreign currency reserves rose to CHF237.5 billion in March from CHF227.2 billion the previous month.
Elsewhere, the greenback was higher against its Canadian counterpart but lower against its Australian and New Zealand cousins, with USD/CAD rising 0.12% to hit 0.9974, AUD/USD advancing 0.12% to hit 1.0282 and NZD/USD edging up 0.05% to hit 0.8152.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.08% to hit 79.97.
Later in the day, the U.S. was to publish government data on unemployment claims.