Forex - Dollar broadly weaker vs. rivals ahead of U.S. housing data

Published 09/20/2010, 05:10 AM
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Investing.com – The U.S. dollar was down against most of the other major currencies on Monday, amid fears over a slowdown in U.S. growth ahead of a report on U.S. home sales.

During European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.34% to hit 1.3094.

But the greenback was also down against the yen and the Swiss franc, with USD/JPY shedding 0.24% to hit 85.65 and USD/CHF falling 0.47% to hit 1.0049.

The dollar's gains against the yen came as markets in Japan remained closed on Monday for the Respect-for-the-Aged Day holiday.

But the greenback was up against the pound, with GBP/USD shedding 0.23% to hit 1.5595.

Earlier Monday, a preliminary Bank of England report showed that U.K. mortgage approvals fell more-than-expected in August, hitting their lowest level in 17 months.

Meanwhile, the greenback was also down against its Canadian, Australian and New Zealand counterparts, with USD/CAD slipping 0.24% to hit 1.0305, AUD/USD surging 0.97% to hit 0.9453 and NZD/USD advancing 0.46% to hit 0.7288.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.35%.

Later in the day, the U.S. was to publish industry data on home sales.

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