🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Stocks

Forex - Dollar mixed after Japan raises level of nuclear crisis

Published 04/12/2011, 04:26 AM
EUR/USD
-
GBP/USD
-
USD/JPY
-
USD/CHF
-
AUD/USD
-
USD/CAD
-
NZD/USD
-
Investing.com – The U.S. dollar was mixed against its major counterparts on Tuesday, after Japan raised the severity rating of its nuclear crisis to the same level as the 1986 Chernobyl disaster, spurring increased safe haven demand.

During European morning trade, the greenback was almost unchanged against the euro, with EUR/USD dipping 0.01% to hit 1.4434.

The greenback was also higher against the pound, with GBP/USD shedding 0.26% to hit 1.6302.

Earlier in the day, U.K. industry data showed that retail sales fell at their fastest annual pace in nearly six years and house prices slipped in March.

Elsewhere, the greenback was down against the yen and the Swiss franc with USD/JPY shedding 0.27% to hit 84.36 and USD/CHF falling 0.46% to hit 0.9022.

Earlier Tuesday, Japan's Nuclear and Industrial Safety Agency said that based on cumulative levels of radiation released, the severity of the incident at the Fukushima Daiichi power plant had been raised to seven, the worst on an internationally recognized scale.

Meanwhile, the greenback was unchanged against its Canadian cousin, with USD/CAD trading flat at 0.9565. Elsewhere, the greenback was fractionally higher against its Australian counterpart but lower against its New Zealand cousin, with AUD/USD dipping 0.04% to hit 1.0491 and NZD/USD climbing 0.44% to hit 0.7831.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.03%.

Later Tuesday, the U.S. was to release government data on its trade balance and the federal budget balance.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.