Investing.com – The U.S. dollar was down against most of the other major currencies on Tuesday, after industry data showed that the service sector in the U.S. grew more-than-expected in September.
During European afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.80% to hit 1.3793.
Earlier in the day, official data showed that euro zone retail sales fell unexpectedly in August while a separate report showed that the euro-zone purchasing managers' index for service industries was revised up to 54.1 from 53.8.
The greenback was also down against the pound, with GBP/USD gaining 0.23% to hit 1.5872, after industry data showed that the U.K.’s services PMI rose unexpectedly in September.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF down 0.27% to hit 0.9691 and USD/JPY shedding 0.08% to hit 83.29.
Earlier Tuesday, the Bank of Japan announced that it lowered its benchmark interest rate to a range between 0.0% to 0.1%, its lowest level since 2006.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts, but up against the Australian dollar, with USD/CAD dropping 0.49% to hit 1.0183, NZD/USD gaining 0.62% to hit 0.7465, while AUD/USD fell 0.30% to hit 0.9656.
Earlier in the day, the Reserve Bank of Australia left its benchmark interest rate unchanged for the fifth consecutive month in October, surprising markets.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.58%.
Earlier Tuesday, the U.S. Institute of Supply Management said its non-manufacturing purchasing manager's index rose to 53.2 in September, after falling to 51.5 in August. Analysts had expected the index to advance to 51.8 in September.
During European afternoon trade, the greenback was down against the euro, with EUR/USD surging 0.80% to hit 1.3793.
Earlier in the day, official data showed that euro zone retail sales fell unexpectedly in August while a separate report showed that the euro-zone purchasing managers' index for service industries was revised up to 54.1 from 53.8.
The greenback was also down against the pound, with GBP/USD gaining 0.23% to hit 1.5872, after industry data showed that the U.K.’s services PMI rose unexpectedly in September.
Elsewhere, the dollar was down against the Swiss franc and the yen, with USD/CHF down 0.27% to hit 0.9691 and USD/JPY shedding 0.08% to hit 83.29.
Earlier Tuesday, the Bank of Japan announced that it lowered its benchmark interest rate to a range between 0.0% to 0.1%, its lowest level since 2006.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts, but up against the Australian dollar, with USD/CAD dropping 0.49% to hit 1.0183, NZD/USD gaining 0.62% to hit 0.7465, while AUD/USD fell 0.30% to hit 0.9656.
Earlier in the day, the Reserve Bank of Australia left its benchmark interest rate unchanged for the fifth consecutive month in October, surprising markets.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.58%.
Earlier Tuesday, the U.S. Institute of Supply Management said its non-manufacturing purchasing manager's index rose to 53.2 in September, after falling to 51.5 in August. Analysts had expected the index to advance to 51.8 in September.