Investing.com – The U.S. dollar was broadly lower against its major counterparts on Wednesday, after Ireland agreed to work jointly with the European Union and the International Monetary Fund as part of a process which could lead to a bailout.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.23% to hit 1.3522.
Late Tuesday, euro zone finance ministers agreed that a team from the European Commission, the IMF and the European Central Bank team would begin to examine what measures would be needed if Dublin decided to seek aid.
The greenback was also down against the pound and the Swiss franc, with GBP/USD rising 0.27% to hit 1.5929 and USD/CHF shedding 0.19% to hit 0.9940.
Earlier Wednesday, official data showed that the U.K.’s claimant count change fell unexpectedly in October.
But the greenback was up the yen, with USD/JPY gaining 0.12% to hit 83.41.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.17% to hit 1.0207, AUD/USD advancing 0.10% to hit 0.9776 and NZD/USD rising 0.11% to hit 0.7687.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.15%.
Later in the day, the U.S. was to release official data on inflation, building permits and housing starts.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.23% to hit 1.3522.
Late Tuesday, euro zone finance ministers agreed that a team from the European Commission, the IMF and the European Central Bank team would begin to examine what measures would be needed if Dublin decided to seek aid.
The greenback was also down against the pound and the Swiss franc, with GBP/USD rising 0.27% to hit 1.5929 and USD/CHF shedding 0.19% to hit 0.9940.
Earlier Wednesday, official data showed that the U.K.’s claimant count change fell unexpectedly in October.
But the greenback was up the yen, with USD/JPY gaining 0.12% to hit 83.41.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.17% to hit 1.0207, AUD/USD advancing 0.10% to hit 0.9776 and NZD/USD rising 0.11% to hit 0.7687.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.15%.
Later in the day, the U.S. was to release official data on inflation, building permits and housing starts.