Investing.com – The U.S. dollar was down against most of its major counterparts on Thursday, as investors shifted focus to the Group of 20 world economic summit, which got underway in Seoul.
During European morning trade, the greenback was up against the euro, with EUR/USD falling 0.21% to hit 1.3754.
Earlier in the day, official data showed that Greece’s unemployment rate increased to a record high in August, raising further concerns over sovereign debt problems in peripheral euro zone nations.
But the U.S. dollar was down against the pound, with GBP/USD gaining 0.16% to hit 1.6148.
The greenback was also down against the yen and Swiss franc, with USD/JPY shedding 0.05% to hit 82.23 and USD/CHF slipping 0.09% to hit 0.9699.
Elsewhere the greenback was down against its Canadian and New Zealand counterparts, with USD/CAD shedding 0.01% to hit 1.0009 and NZD/USD gaining 0.33% to hit 0.7855.
But the U.S. dollar was up against its Australian counterpart, with AUD/USD falling 0.11% to hit 1.0041. Earlier in the day, official data showed that Australia’s unemployment rate rose unexpectedly in October, overshadowing a gain in jobs.
Meanwhile, the dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.12%.
On Thursday, G-20 leaders began a 2-day world economic summit amid growing concerns about trade imbalances and currency controls.
The summit was expected to be closely watched by investors following the Federal Reserve’s decision last week to buy its own debt to keep borrowing costs near zero, which attracted criticism from other G-20 leaders including Germany and China.
During European morning trade, the greenback was up against the euro, with EUR/USD falling 0.21% to hit 1.3754.
Earlier in the day, official data showed that Greece’s unemployment rate increased to a record high in August, raising further concerns over sovereign debt problems in peripheral euro zone nations.
But the U.S. dollar was down against the pound, with GBP/USD gaining 0.16% to hit 1.6148.
The greenback was also down against the yen and Swiss franc, with USD/JPY shedding 0.05% to hit 82.23 and USD/CHF slipping 0.09% to hit 0.9699.
Elsewhere the greenback was down against its Canadian and New Zealand counterparts, with USD/CAD shedding 0.01% to hit 1.0009 and NZD/USD gaining 0.33% to hit 0.7855.
But the U.S. dollar was up against its Australian counterpart, with AUD/USD falling 0.11% to hit 1.0041. Earlier in the day, official data showed that Australia’s unemployment rate rose unexpectedly in October, overshadowing a gain in jobs.
Meanwhile, the dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.12%.
On Thursday, G-20 leaders began a 2-day world economic summit amid growing concerns about trade imbalances and currency controls.
The summit was expected to be closely watched by investors following the Federal Reserve’s decision last week to buy its own debt to keep borrowing costs near zero, which attracted criticism from other G-20 leaders including Germany and China.