Investing.com - The U.S. dollar was broadly lower against its major counterparts on Wednesday, as Tuesday’s rally in safe haven assets faded, but investors remained jittery amid concerns over a planned referendum by Greece.
During European morning trade, the dollar was down against the euro, with EUR/USD rising 0.50% to hit 1.3771.
Greece's Prime Minister George Papandreou won the backing of his cabinet to hold a referendum on a EUR130 billion bailout package earlier and was due to meet with French and German leaders to discuss the planned vote later in the day.
The greenback was also lower against the pound, with GBP/USD adding 0.40% to hit 1.6014.
Earlier Wednesday, a report showed that construction sector activity in the U.K. grew more-than-expected in October, rising to a five-month high.
Meanwhile, the greenback was lower against the yen and the Swiss franc, with USD/JPY shedding 0.46% to hit 78.01 and USD/CHF falling 0.40% to hit 0.8834.
Elsewhere, the greenback edged down against its Canadian and Australian counterparts but inched higher against its New Zealand cousin, with USD/CAD slipping 0.18% to hit 1.0185, AUD/USD rising 0.39% to hit 1.0372 and NZD/USD slipping 0.07% to hit 0.7941.
A government report earlier showed that the number of new building approvals issued in Australia fell significantly more-than-expected in September, falling 13.6%, far more than expectations for a 4.7% decline.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.39% to hit 77.11.
Later Wednesday, the U.S. was to release private sector data on non-farm payrolls. Meanwhile, the Federal Reserve was to conclude its two-day policy-setting meeting; Fed Chairman Ben Bernanke was to conduct the bank’s post-policy meeting press conference.
During European morning trade, the dollar was down against the euro, with EUR/USD rising 0.50% to hit 1.3771.
Greece's Prime Minister George Papandreou won the backing of his cabinet to hold a referendum on a EUR130 billion bailout package earlier and was due to meet with French and German leaders to discuss the planned vote later in the day.
The greenback was also lower against the pound, with GBP/USD adding 0.40% to hit 1.6014.
Earlier Wednesday, a report showed that construction sector activity in the U.K. grew more-than-expected in October, rising to a five-month high.
Meanwhile, the greenback was lower against the yen and the Swiss franc, with USD/JPY shedding 0.46% to hit 78.01 and USD/CHF falling 0.40% to hit 0.8834.
Elsewhere, the greenback edged down against its Canadian and Australian counterparts but inched higher against its New Zealand cousin, with USD/CAD slipping 0.18% to hit 1.0185, AUD/USD rising 0.39% to hit 1.0372 and NZD/USD slipping 0.07% to hit 0.7941.
A government report earlier showed that the number of new building approvals issued in Australia fell significantly more-than-expected in September, falling 13.6%, far more than expectations for a 4.7% decline.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.39% to hit 77.11.
Later Wednesday, the U.S. was to release private sector data on non-farm payrolls. Meanwhile, the Federal Reserve was to conclude its two-day policy-setting meeting; Fed Chairman Ben Bernanke was to conduct the bank’s post-policy meeting press conference.