Investing.com – The U.S. dollar was up against most of the other major currencies on Tuesday, after New York Federal Reserve President William Dudley said that the Fed’s approach to more asset purchases depends on the economic context.
During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.21% to hit 1.3935. Earlier in the day, data showed that Germany’s Gfk consumer climate outlook for November remained unchanged at 4.9, after rising for in the four preceding months.
The greenback was also up against the yen and the Swiss franc, with USD/JPY gaining 0.39% to hit 81.12 and USD/CHF rising 0.17% to hit 0.9727. Earlier Tuesday, Japan’s Finance Minister Yoshihiko Noda said that the country would “act decisively if needed” to stem the yens gains.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.13% to hit 1.0211, AUD/USD sliding 0.20% to hit 0.9884 and NZD/USD dipping 0.10% to hit 0.7513.
But the greenback was down against the pound, with GBP/USD soaring 0.76% to hit 1.5843 after preliminary official data showed that U.K. GDP rose significantly more-than-expected in the third quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16%.
Later in the day, the U.S. was to release industry data on consumer confidence and house prices as well as official data on manufacturing.
During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.21% to hit 1.3935. Earlier in the day, data showed that Germany’s Gfk consumer climate outlook for November remained unchanged at 4.9, after rising for in the four preceding months.
The greenback was also up against the yen and the Swiss franc, with USD/JPY gaining 0.39% to hit 81.12 and USD/CHF rising 0.17% to hit 0.9727. Earlier Tuesday, Japan’s Finance Minister Yoshihiko Noda said that the country would “act decisively if needed” to stem the yens gains.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.13% to hit 1.0211, AUD/USD sliding 0.20% to hit 0.9884 and NZD/USD dipping 0.10% to hit 0.7513.
But the greenback was down against the pound, with GBP/USD soaring 0.76% to hit 1.5843 after preliminary official data showed that U.K. GDP rose significantly more-than-expected in the third quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.16%.
Later in the day, the U.S. was to release industry data on consumer confidence and house prices as well as official data on manufacturing.