Investing.com – The U.S. dollar was down against the other major currencies on Tuesday, as risk appetite sharpened after official data showed that retail sales in the U.S. rose for a second consecutive month in August.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.98% to hit 1.3008.
Earlier in the day, data showed that German economic sentiment declined more-than-expected hitting a 19-month low in August.
The greenback was also down against the pound, with GBP/USD advancing 0.84% to hit 1.5562.
Earlier Tuesday, official data showed that consumer price inflation in the U.K. was unchanged in August, holding steady at 3.1%.
Elsewhere, the U.S. dollar was down against the yen and Swiss franc, with USD/JPY falling 0.74% to hit 83.08 and USD/CHF tumbling 1.32% to hit 0.9942.
Earlier in the day, Japanese incumbent Prime Minister Naoto Kan was re-elected as leader of Japan’s ruling Democratic Party, making Japanese intervention in currency markets appear less likely.
Meanwhile, the greenback was down against its Australian, New Zealand and Canadian counterparts, as AUD/USD gained 0.82% to hit 0.9438, NZD/USD advanced 0.44% to hit 0.7375, while USD/CAD shed 0.50% to hit 1.0219.
Earlier Tuesday, official data showed that Canadian labor productivity fell more-than-expected in the second quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.83%.
Earlier in the day, official U.S. data showed that retail sales in the U.S. rose more-than-expected in August.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.98% to hit 1.3008.
Earlier in the day, data showed that German economic sentiment declined more-than-expected hitting a 19-month low in August.
The greenback was also down against the pound, with GBP/USD advancing 0.84% to hit 1.5562.
Earlier Tuesday, official data showed that consumer price inflation in the U.K. was unchanged in August, holding steady at 3.1%.
Elsewhere, the U.S. dollar was down against the yen and Swiss franc, with USD/JPY falling 0.74% to hit 83.08 and USD/CHF tumbling 1.32% to hit 0.9942.
Earlier in the day, Japanese incumbent Prime Minister Naoto Kan was re-elected as leader of Japan’s ruling Democratic Party, making Japanese intervention in currency markets appear less likely.
Meanwhile, the greenback was down against its Australian, New Zealand and Canadian counterparts, as AUD/USD gained 0.82% to hit 0.9438, NZD/USD advanced 0.44% to hit 0.7375, while USD/CAD shed 0.50% to hit 1.0219.
Earlier Tuesday, official data showed that Canadian labor productivity fell more-than-expected in the second quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.83%.
Earlier in the day, official U.S. data showed that retail sales in the U.S. rose more-than-expected in August.