Investing.com – The U.S. dollar was down against the other major currencies on Wednesday, as concerns that the Federal Reserve will begin fresh monetary easing to stimulate U.S. growth weighed on the dollar.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.13% to hit 1.3857.
Earlier in the day, official data showed that euro zone’s economy grew in line with expectations in the second quarter.
The greenback was also down against the pound, with GBP/USD gaining 0.11% to hit 1.5909.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF shedding 0.01% to hit 0.9661 and USD/JPY falling 0.17% to hit 83.07.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD dropping 0.31% to hit 1.0127, AUD/USD gaining 0.50% to hit 0.9767 and NZD/USD advancing 0.35% to hit 0.7519.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.21%.
Later in the day, the U.S. was to release ADP non-farm payrolls data.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.13% to hit 1.3857.
Earlier in the day, official data showed that euro zone’s economy grew in line with expectations in the second quarter.
The greenback was also down against the pound, with GBP/USD gaining 0.11% to hit 1.5909.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF shedding 0.01% to hit 0.9661 and USD/JPY falling 0.17% to hit 83.07.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD dropping 0.31% to hit 1.0127, AUD/USD gaining 0.50% to hit 0.9767 and NZD/USD advancing 0.35% to hit 0.7519.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.21%.
Later in the day, the U.S. was to release ADP non-farm payrolls data.