Forex - Dollar mixed vs. rivals after mixed U.S. economic data

Published 10/21/2010, 11:51 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Thursday, following the release of mixed U.S. data on manufacturing and employment.

During European afternoon trade, the greenback was up against the euro, with EUR/USD slipping 0.02% to hit 1.3961. Earlier in the day, preliminary data showed that the euro zone’s manufacturing PMI rose unexpectedly in October.

The greenback was also down against the pound, with GBP/USD shedding 0.63% to hit 1.5746. Earlier in the day, official data showed that U.K. retail sales fell unexpectedly in September.

But the greenback was up against the yen and the Swiss franc, with USD/JPY rising 0.09% to hit 81.17 and USD/CHF gaining 0.28% to hit 0.9644.

Earlier Thursday, official data showed that Switzerland’s trade surplus grew more-than-expected in September. In a separate report, the ZEW Centre for European Economic Research said its index of Swiss economic expectations declined significantly in September.

Elsewhere, the greenback was down against its Australian and New Zealand counterparts but was up against its Canadian cousin, with AUD/USD shedding 0.43% to hit 0.9829, NZD/USD dropping 0.69% to hit 0.7596 and USD/CAD rising 0.29% to hit 1.0241.

Earlier Thursday, Statistics Canada said that its index of leading economic indicators fell unexpectedly in September, with the housing index posting the biggest decline.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.05%.

Earlier in the day, official data showed that U.S. initial jobless claims fell more-than-expected last week while a separate report showed that manufacturing activity in Philadelphia rose-less-than expected in October.

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