Investing.com – The U.S. dollar was broadly lower against its major counterparts on Thursday, following a report showing U.S. durable goods orders tumbled in February while expectations for a near-term rate hike boosted the euro.
During early U.S. trade, the greenback was down against the euro, with EUR/USD surging 0.75% to hit 1.4191.
Earlier in the day, Portugal’s opposition leader assured European Union leaders that he was committed to the country’s budget goals.
But the greenback was higher against the pound; with GBP/USD shedding 0.32% to hit 1.6181.
Earlier Thursday, official data showed that retail sales in the U.K. fell more-than-expected in February while ratings agency Moody's said the downside risks to growth could endanger the UK's triple-A credit rating.
Meanwhile, the greenback was lower against the yen and the Swiss franc, with USD/JPY dipping 0.09% to hit 80.83 and USD/CHF shedding 0.36% to hit 0.9050.
Elsewhere, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.76% to hit 0.9740, AUD/USD surging 0.81% to hit 1.0213 and NZD/USD jumping 1.49% to hit 0.7516.
Earlier in the day, official data showed that New Zealand’s economy expanded more-than-expected in the fourth quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.41%.
Also Thursday, the U.S. Commerce Department said that durable goods orders fell 0.9% in February, confounding expectations for a 1.8% gain. In a separate report, the U.S. Department of Labor said initial jobless claims fell slightly more-than-expected last week.
During early U.S. trade, the greenback was down against the euro, with EUR/USD surging 0.75% to hit 1.4191.
Earlier in the day, Portugal’s opposition leader assured European Union leaders that he was committed to the country’s budget goals.
But the greenback was higher against the pound; with GBP/USD shedding 0.32% to hit 1.6181.
Earlier Thursday, official data showed that retail sales in the U.K. fell more-than-expected in February while ratings agency Moody's said the downside risks to growth could endanger the UK's triple-A credit rating.
Meanwhile, the greenback was lower against the yen and the Swiss franc, with USD/JPY dipping 0.09% to hit 80.83 and USD/CHF shedding 0.36% to hit 0.9050.
Elsewhere, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.76% to hit 0.9740, AUD/USD surging 0.81% to hit 1.0213 and NZD/USD jumping 1.49% to hit 0.7516.
Earlier in the day, official data showed that New Zealand’s economy expanded more-than-expected in the fourth quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.41%.
Also Thursday, the U.S. Commerce Department said that durable goods orders fell 0.9% in February, confounding expectations for a 1.8% gain. In a separate report, the U.S. Department of Labor said initial jobless claims fell slightly more-than-expected last week.