Investing.com - The U.S. dollar was trading in a narrow range against the other major currencies on Thursday, as investors remained wary ahead of U.S. data on nonfarm payrolls on Friday and the U.S. presidential elections next week.
During European morning trade, the dollar was higher against the euro, with EUR/USD down 0.16% to 1.2939.
Sentiment on the single currency remained weak amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
The greenback was lower against the pound, with GBP/USD up 0.21% to 1.6166.
The pound held gains after data showed that the U.K. manufacturing purchasing managers’ index fell to 47.5 in October from a reading of 48.4 in September, compared to expectations for a dip to 48.1.
The pound hit a two-week high against the dollar earlier after a report by U.K. mortgage lender Nationwide showed that house prices rose 0.6% in October, better than expectations for a 0.2% increase.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY rising 0.28% to 79.99 and USD/CHF up 0.11% to 0.9325.
The yen came under pressure as investors resumed selling the currency, following initial disappointment after the Bank of Japan’s easing on Tuesday.
The Swiss franc was little changed after official data showed that retail sales in Switzerland jumped 5.4% in September, above expectations for a 4.2% gain.
A separate report showed that the Swiss SVME PMI rose to 46.1 in September from a reading of 43.6 in August, remaining in contraction territory for the seventh consecutive month.
The greenback was little changed against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.08% to 1.0001, AUD/USD inching up 0.05% to 1.0379 and NZD/USD easing up 0.04% to trade at 0.8227.
The commodity linked dollars found some support after official data showed that China’s manufacturing PMI came in at 50.2 in October, up from 49.8 in September, just slightly below forecasts for a reading of 50.3.
A separate report showed that the final reading of China’s HSBC PMI came in at 49.5 in September, an eight month high.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, edged up 0.09% to 80.08.
Later in the day, the U.S. was to release the ADP report on nonfarm payrolls, as well as the weekly government report on initial jobless claims.
In addition, the Institute of Supply Management was to publish data on U.S. manufacturing activity.
During European morning trade, the dollar was higher against the euro, with EUR/USD down 0.16% to 1.2939.
Sentiment on the single currency remained weak amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.
The greenback was lower against the pound, with GBP/USD up 0.21% to 1.6166.
The pound held gains after data showed that the U.K. manufacturing purchasing managers’ index fell to 47.5 in October from a reading of 48.4 in September, compared to expectations for a dip to 48.1.
The pound hit a two-week high against the dollar earlier after a report by U.K. mortgage lender Nationwide showed that house prices rose 0.6% in October, better than expectations for a 0.2% increase.
Elsewhere, the greenback was higher against the yen and the Swiss franc, with USD/JPY rising 0.28% to 79.99 and USD/CHF up 0.11% to 0.9325.
The yen came under pressure as investors resumed selling the currency, following initial disappointment after the Bank of Japan’s easing on Tuesday.
The Swiss franc was little changed after official data showed that retail sales in Switzerland jumped 5.4% in September, above expectations for a 4.2% gain.
A separate report showed that the Swiss SVME PMI rose to 46.1 in September from a reading of 43.6 in August, remaining in contraction territory for the seventh consecutive month.
The greenback was little changed against its Canadian, Australian and New Zealand counterparts, with USD/CAD edging up 0.08% to 1.0001, AUD/USD inching up 0.05% to 1.0379 and NZD/USD easing up 0.04% to trade at 0.8227.
The commodity linked dollars found some support after official data showed that China’s manufacturing PMI came in at 50.2 in October, up from 49.8 in September, just slightly below forecasts for a reading of 50.3.
A separate report showed that the final reading of China’s HSBC PMI came in at 49.5 in September, an eight month high.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, edged up 0.09% to 80.08.
Later in the day, the U.S. was to release the ADP report on nonfarm payrolls, as well as the weekly government report on initial jobless claims.
In addition, the Institute of Supply Management was to publish data on U.S. manufacturing activity.