Investing.com – The U.S. dollar was broadly lower against its major counterparts on Tuesday, amid concerns over the U.S. budget deficit and after Moody’s issued a warning on the country’s credit rating.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.24% to hit 1.3423.
The greenback was also down against the pound with GBP/USD up 0.19% to hit 1.5891. Earlier in the day, the U.K. Royal Institute of Chartered Surveyors said its gauge of house prices stayed close to the lowest in 18 months in November as demand for homes waned.
Elsewhere, the greenback was down against the yen and the Swiss franc, with USD/JPY slipping 0.12% to hit 83.28 and USD/CHF shedding 0.23% to hit 0.9654.
Earlier Tuesday, official data showed that Japanese industrial production fell 2.0% in October from September, revised down from a preliminary 1.8% drop, marking the fifth straight monthly decline.
Meanwhile, the greenback was up against its Canadian counterpart but down against its Australian and New Zealand cousins, with USD/CAD edging up 0.05% to hit 1.0076, AUD/USD easing up 0.03% to hit 0.9964 and NZD/USD climbing 0.24% to hit 0.7528.
Earlier Monday, official data showed New Zealand’s retail sales fell by the most in 13 years in October.
Elsewhere, data showed that Australian business confidence fell for the third consecutive month in November, while a separate report showed that housing starts tumbled 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 down 0.24%.
Later in the day, the U.S. was to release official data on retail sales and producer price inflation. In addition, the Federal Reserve was to announce its federal funds rate.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.24% to hit 1.3423.
The greenback was also down against the pound with GBP/USD up 0.19% to hit 1.5891. Earlier in the day, the U.K. Royal Institute of Chartered Surveyors said its gauge of house prices stayed close to the lowest in 18 months in November as demand for homes waned.
Elsewhere, the greenback was down against the yen and the Swiss franc, with USD/JPY slipping 0.12% to hit 83.28 and USD/CHF shedding 0.23% to hit 0.9654.
Earlier Tuesday, official data showed that Japanese industrial production fell 2.0% in October from September, revised down from a preliminary 1.8% drop, marking the fifth straight monthly decline.
Meanwhile, the greenback was up against its Canadian counterpart but down against its Australian and New Zealand cousins, with USD/CAD edging up 0.05% to hit 1.0076, AUD/USD easing up 0.03% to hit 0.9964 and NZD/USD climbing 0.24% to hit 0.7528.
Earlier Monday, official data showed New Zealand’s retail sales fell by the most in 13 years in October.
Elsewhere, data showed that Australian business confidence fell for the third consecutive month in November, while a separate report showed that housing starts tumbled 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 down 0.24%.
Later in the day, the U.S. was to release official data on retail sales and producer price inflation. In addition, the Federal Reserve was to announce its federal funds rate.