Forex - Dollar mixed vs. rivals amid global slowdown concerns

Published 09/16/2010, 06:36 AM
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Investing.com – The U.S. dollar was mixed against the other major currencies on Thursday, amid concerns over the fragile global economic recovery ahead of the release of key U.S. data on initial jobless claims.

During European morning trade, the greenback was down against the euro, with EUR/USD gaining 0.53% to hit 1.3081.

Earlier in the day, Spain auctioned the maximum amount of 10 and 30 year Treasury bonds, raising EUR 4 billion, while the country’s borrowing costs also fell.

The greenback was also down against the yen and Swiss franc, with USD/JPY shedding 0.08% to hit 85.66 and USD/CHF falling 0.12% to hit 1.0021.

Earlier Thursday, the Governor of the Bank of Japan signaled that authorities would continue to intervene in currency markets “when necessary”.  

Elsewhere, the greenback was up against the pound, with GBP/USD shedding 0.22% to hit 1.5588, after official data showed that retail sales in the U.K. fell more-than-expected in August.

Meanwhile, the U.S. dollar was also up against its Australian and New Zealand counterparts, as AUD/USD shed 0.14% to hit 0.9368 and NZD/USD tumbled 0.95% to hit 0.7246.

Earlier in the day, the Reserve Bank of New Zealand left its benchmark interest rate unchanged, in line with expectations.

But the greenback was down against its Canadian counterpart, with USD/CAD shedding 0.11% to hit 1.0248

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.35%.

Later in the day, the U.S. was to release key data on initial jobless claims and producer price inflation.

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