Forex - Dollar mixed vs. rivals ahead of housing data, Fed meeting

Published 09/21/2010, 07:46 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Tuesday, ahead of the release of U.S. data on the housing sector and a meeting of Federal Reserve policy makers.

During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.59% to hit 1.3138.

Earlier Tuesday, successful bond auctions by euro zone members, Ireland, Spain and Greece helped ease lingering fears over the euro zone sovereign debt crisis.

The greenback was also down against the yen and the Swiss franc, with USD/JPY shedding 0.34% to hit 85.40 and USD/CHF falling 0.21% to hit 1.0028.

Earlier in the day, official data showed that Switzerland's trade balance contracted more-than-expected in August.

But the greenback was up against the pound, with GBP/USD shedding 0.10% to hit 1.5532 after official data showed that U.K. public sector borrowing rose more-than-expected in August.

Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.24% to hit 1.0309, AUD/USD slipping 0.03% to hit 0.9470 and NZD/USD shedding 0.21% to hit 0.7292.

Also Tuesday, official data showed that Canadian core consumer price inflation rose in line with expectations in August.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.38%.

Later in the day, the U.S. was to release official data on building permits and housing starts, while the Federal Reserve was to announce its benchmark interest rate.

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