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Dollar remains mixed vs. rivals after U.S. data

Published 03/17/2014, 09:58 AM
Dollar still mixed vs. counterparts after data
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Investing.com - The dollar remained mixed against the other major currencies on Friday, after data showed that U.S. industrial production rose more-than-expected last month and as investors continued to monitor developments in Crimea.

The dollar was fractionally lower against the euro, with EUR/USD up 0.09% to 1.3927.

Data showed that U.S. industrial production rose 0.6% in February, exceeding expectations for a 0.1% gain. Industrial production in January was revised to a 0.2% fall from a previously estimated 0.3% decline.

In a separate report, the Federal Reserve Bank of New York said its Empire State manufacturing index ticked up to 5.6 this month, from a reading of 4.5 in February, confounding expectations for a rise to 6.

In the euro zone, official data showed that euro zone consumer price inflation rose 0.3% last month, below expectations for a 0.4% increase, after a 1.1% decline in January.

Year-on-year, consumer price inflation rose 0.7% in February, compared to expectations for a 0.8% increase, after a 0.8% gain in January.

Core consumer price inflation, which excludes food, energy, alcohol, and tobacco, rose 0.5% in February, after a 1.7% fall the previous month.

Meanwhile, investors continued to monitor events in Europe, after over 90% of Crimean voters on Sunday chose to break with Ukraine and join Russia. Crimea's Parliament on Monday formally asked to join the Russian Federation.

European Union foreign ministers imposed travel bans and asset freezes on 21 people they have linked to the push to have Crimea secede from Ukraine to maybe be annexed by Russia. U.S. President Barack Obama also imposed sanctions on Russian officials involved in the incursion of Crimea.

The pound was fractionally lower against the dollar, with GBP/USD edging down 0.09% to 1.6631.

The dollar was higher against the yen and te Swiss franc, with USD/JPY up 0.48% to 101.84 and with USD/CHF adding 0.09% to 0.8729.

The greenback was lower against the Australian, New Zealand and Canadian dollars, with AUD/USD gaining 0.57% to 0.9083, NZD/USD climbing 0.40% to 0.8568 and USD/CAD shedding 0.27% to 1.1075.

In Canada, official data showed that foreign securities purchases rose by C$1.09 billion in January, compared to expectations for a C$3.24 billion increase, after a C$4.28 billion decline the previous month.

Earlier Monday, official data showed that new motor vehicles in Australia rose 0.1% last month, after a 4% drop in January, whose figure was revised down from a previously estimated 3.5% decline.

The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.02% to 79.51.

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