Investing.com – The U.S. dollar was mixed against its major rivals on Wednesday, as risk aversion eased after the president of the European Central Bank indicated that governments were determined to defend the single currency.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.66% to hit 1.3068.
Earlier in the day, speculation mounted that ECB would delay its exit from emergency liquidity measures after the bank’s president, Jean-Claude Trichet, said Tuesday that European policymakers needed to assert authority to fight “demanding” market conditions.
Earlier Wednesday, official data showed that German retail sales rose significantly more-than-expected in October, hitting a 3-month high.
The greenback was also down against the pound with GBP/USD rising 0.14% to hit 1.5585. Earlier in the day, industry data showed that U.K. house prices declined to a nine-month low in November.
But the greenback was up against the yen and the Swiss franc, with USD/JPY edging up 0.07% to hit 83.76 and USD/CHF rising 0.13% to hit 1.0049.
Earlier Wednesday, industry data showed that manufacturing activity in Switzerland rose more-than-expected in November.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.42% to hit 1.0219, AUD/USD climbing 0.44% to hit 0.9627 and NZD/USD advancing 0.55% to hit 0.7464.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.51%.
Later in the day, the U.S. was to release a report on ADP non-farm employment change, as well as official data on manufacturing activity. In addition, the Federal Reserve was to publish its Beige Book.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.66% to hit 1.3068.
Earlier in the day, speculation mounted that ECB would delay its exit from emergency liquidity measures after the bank’s president, Jean-Claude Trichet, said Tuesday that European policymakers needed to assert authority to fight “demanding” market conditions.
Earlier Wednesday, official data showed that German retail sales rose significantly more-than-expected in October, hitting a 3-month high.
The greenback was also down against the pound with GBP/USD rising 0.14% to hit 1.5585. Earlier in the day, industry data showed that U.K. house prices declined to a nine-month low in November.
But the greenback was up against the yen and the Swiss franc, with USD/JPY edging up 0.07% to hit 83.76 and USD/CHF rising 0.13% to hit 1.0049.
Earlier Wednesday, industry data showed that manufacturing activity in Switzerland rose more-than-expected in November.
Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.42% to hit 1.0219, AUD/USD climbing 0.44% to hit 0.9627 and NZD/USD advancing 0.55% to hit 0.7464.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.51%.
Later in the day, the U.S. was to release a report on ADP non-farm employment change, as well as official data on manufacturing activity. In addition, the Federal Reserve was to publish its Beige Book.