Investing.com - The U.S. dollar remained higher against most of its major counterparts ahead of the release of U.S. economic data on Monday, as concerns over the euro zone dampened market sentiment, while investors looked ahead to testimony by Federal Reserve Chairman Ben Bernanke on Tuesday.
During European afternoon trade, the dollar was higher against the euro, with EUR/USD down 0.54% to 1.2186.
Sentiment on the euro was hit by uncertainty over whether some bondholders could be forced to accept losses under the terms of Spain's bank bailout.
Elsewhere, Germany’s constitutional court announced that it will deliver a ruling on whether the euro zone’s permanent bailout fund contravenes the German constitution on September 12, disappointing hopes for an earlier decision.
The greenback was also higher against the pound, with GBP/USD down 0.29% to hit 1.5530.
The pound remained supported following Friday’s announcement that the Bank of England is to launch a new GBP80 billion 'funding for lending' program, which will offer cheaper loans to households and businesses.
Elsewhere, the greenback was down against the broadly firmer yen, with USD/JPY losing 0.20% to trade at 79.02, but was higher against the Swiss franc, with USD/CHF advancing 0.52% to 0.9857.
The greenback gained ground against its Canadian, Australian and New Zealand counterparts, with USD/CAD up 0.17% to 1.0154, AUD/USD losing 0.18% to trade at 1.0207 and NZD/USD slipping 0.23% to hit 0.7940.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37% to 83.73.
Later Monday, the U.S. was to publish official data on retail sales and business inventories, as well as a report on manufacturing activity in New York. In addition, the International Monetary Fund was to publish forecasts for global economic growth.
During European afternoon trade, the dollar was higher against the euro, with EUR/USD down 0.54% to 1.2186.
Sentiment on the euro was hit by uncertainty over whether some bondholders could be forced to accept losses under the terms of Spain's bank bailout.
Elsewhere, Germany’s constitutional court announced that it will deliver a ruling on whether the euro zone’s permanent bailout fund contravenes the German constitution on September 12, disappointing hopes for an earlier decision.
The greenback was also higher against the pound, with GBP/USD down 0.29% to hit 1.5530.
The pound remained supported following Friday’s announcement that the Bank of England is to launch a new GBP80 billion 'funding for lending' program, which will offer cheaper loans to households and businesses.
Elsewhere, the greenback was down against the broadly firmer yen, with USD/JPY losing 0.20% to trade at 79.02, but was higher against the Swiss franc, with USD/CHF advancing 0.52% to 0.9857.
The greenback gained ground against its Canadian, Australian and New Zealand counterparts, with USD/CAD up 0.17% to 1.0154, AUD/USD losing 0.18% to trade at 1.0207 and NZD/USD slipping 0.23% to hit 0.7940.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37% to 83.73.
Later Monday, the U.S. was to publish official data on retail sales and business inventories, as well as a report on manufacturing activity in New York. In addition, the International Monetary Fund was to publish forecasts for global economic growth.