Investing.com – The dollar was broadly lower against its major rivals on Wednesday, following the release of significantly worse-than-expected U.S. data on durable goods orders which overshadowed better-than-expected data on initial jobless claims.
During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.15% to hit 1.3389.
Earlier Tuesday, data showed that the Ifo index of German business climate rose unexpectedly to hit a record high in November while separate data showed that industrial new orders in the euro zone fell more-than-expected in September.
The greenback was also down against the pound with GBP/USD rising 0.18% to hit 1.5803. Earlier Tuesday, official data showed that the U.K. economy grew in line with expectations during the third quarter, unchanged from an advanced estimate.
Meanwhile, the greenback was up against the yen but down against the Swiss franc, with USD/JPY gaining 0.23% to hit 83.34 and USD/CHF shedding 0.31% to hit 0.9941.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 1.07% to hit 1.0136, AUD/USD soaring 1.01% to hit 0.9822 and NZD/USD advancing 0.31% to hit 0.7610.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.17%.
Earlier in the day, official data showed that both core durable goods orders and durable goods orders, which include transportation items, plunged unexpectedly in October.
Separate data showed that U.S. initial jobless claims fell more-than-expected last week, dropping to their lowest level since July 2008.
Later in the day, the U.S. was to release data on new home sales as well as revised data on consumer sentiment and inflation expectations.
During European afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.15% to hit 1.3389.
Earlier Tuesday, data showed that the Ifo index of German business climate rose unexpectedly to hit a record high in November while separate data showed that industrial new orders in the euro zone fell more-than-expected in September.
The greenback was also down against the pound with GBP/USD rising 0.18% to hit 1.5803. Earlier Tuesday, official data showed that the U.K. economy grew in line with expectations during the third quarter, unchanged from an advanced estimate.
Meanwhile, the greenback was up against the yen but down against the Swiss franc, with USD/JPY gaining 0.23% to hit 83.34 and USD/CHF shedding 0.31% to hit 0.9941.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 1.07% to hit 1.0136, AUD/USD soaring 1.01% to hit 0.9822 and NZD/USD advancing 0.31% to hit 0.7610.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.17%.
Earlier in the day, official data showed that both core durable goods orders and durable goods orders, which include transportation items, plunged unexpectedly in October.
Separate data showed that U.S. initial jobless claims fell more-than-expected last week, dropping to their lowest level since July 2008.
Later in the day, the U.S. was to release data on new home sales as well as revised data on consumer sentiment and inflation expectations.