Investing.com - The U.S. dollar was mixed against its major counterparts on the final trading day of the year on Tuesday, with volumes expected to remain light as many investors already closed books before the end of the year.
During U.S. morning trade, EUR/USD dipped 0.17% to 1.3777. Market players looked ahead to U.S. data on consumer confidence and manufacturing activity in the Chicago region later in the day, to gauge if the U.S. economy will be strong enough to allow the Federal Reserve to continue withdrawing support through 2014.
The U.S. central bank said earlier this month that it will start reducing its bond-buying stimulus program by USD10 billion a month in January, amid indications of an improving U.S. economy.
Meanwhile, the greenback was lower against the pound on speculation the Bank of England will raise interest rates sooner than previously anticipated. GBP/USD advanced 0.25% to 1.6539.
Elsewhere, the dollar was lower against the yen, with USD/JPY down 0.17% to 104.97, but up against the Swiss franc, with USD/CHF adding 0.37% to 0.8909.
The greenback posted modest losses against the commodity-linked currencies. The Australian, New Zealand and Canadian dollars were all higher, with AUD/USD rising 0.35% to 0.8937, NZD/USD inching up 0.18% to 0.8219 and USD/CAD shedding 0.08% to 1.0639.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% to trade 80.22.
During U.S. morning trade, EUR/USD dipped 0.17% to 1.3777. Market players looked ahead to U.S. data on consumer confidence and manufacturing activity in the Chicago region later in the day, to gauge if the U.S. economy will be strong enough to allow the Federal Reserve to continue withdrawing support through 2014.
The U.S. central bank said earlier this month that it will start reducing its bond-buying stimulus program by USD10 billion a month in January, amid indications of an improving U.S. economy.
Meanwhile, the greenback was lower against the pound on speculation the Bank of England will raise interest rates sooner than previously anticipated. GBP/USD advanced 0.25% to 1.6539.
Elsewhere, the dollar was lower against the yen, with USD/JPY down 0.17% to 104.97, but up against the Swiss franc, with USD/CHF adding 0.37% to 0.8909.
The greenback posted modest losses against the commodity-linked currencies. The Australian, New Zealand and Canadian dollars were all higher, with AUD/USD rising 0.35% to 0.8937, NZD/USD inching up 0.18% to 0.8219 and USD/CAD shedding 0.08% to 1.0639.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07% to trade 80.22.