Investing.com – The U.S. dollar was mixed against its major rivals on Tuesday, as concerns about the spread of sovereign debt troubles in the euro zone boosted demand for safer assets.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.67% to hit 1.3037. Earlier Tuesday, official data showed that the number of unemployed people in Germany declined less-than-expected in November.
The greenback was also up against the pound with GBP/USD dropping 0.35% to hit 1.5516. Earlier in the day, data showed that consumer confidence in the U.K. unexpectedly dropped to a four-month low in November as looming public-spending cuts dented Britons’ outlook for 2011.
But the greenback was down against the yen and the Swiss franc, with USD/JPY shedding 0.22% to hit 84.06 and USD/CHF falling 0.25% to hit 0.9975.
Earlier Tuesday, official data showed that Japan’s industrial production decreased less-than-expected in October, while the unemployment rate rose unexpectedly. Separate data showed that Switzerland’s UBS consumption indicator eased up in October after declining sharply in September.
Elsewhere the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.32% to hit 1.0213, AUD/USD shedding 0.48% to hit 0.9581 and NZD/USD falling 0.55% to hit 0.7416.
Also Tuesday, official data showed that Australian home-building approvals rose significantly more-than-expected in October, rising for the first time in seven months.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.45%.
Later in the day, the U.S. was to publish industry data on house prices, as well as data on consumer confidence. The country was also to release an index of manufacturing growth in the Chicago area, while Federal Reserve Chairman, Ben Bernanke was to speak at a public engagement.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.67% to hit 1.3037. Earlier Tuesday, official data showed that the number of unemployed people in Germany declined less-than-expected in November.
The greenback was also up against the pound with GBP/USD dropping 0.35% to hit 1.5516. Earlier in the day, data showed that consumer confidence in the U.K. unexpectedly dropped to a four-month low in November as looming public-spending cuts dented Britons’ outlook for 2011.
But the greenback was down against the yen and the Swiss franc, with USD/JPY shedding 0.22% to hit 84.06 and USD/CHF falling 0.25% to hit 0.9975.
Earlier Tuesday, official data showed that Japan’s industrial production decreased less-than-expected in October, while the unemployment rate rose unexpectedly. Separate data showed that Switzerland’s UBS consumption indicator eased up in October after declining sharply in September.
Elsewhere the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.32% to hit 1.0213, AUD/USD shedding 0.48% to hit 0.9581 and NZD/USD falling 0.55% to hit 0.7416.
Also Tuesday, official data showed that Australian home-building approvals rose significantly more-than-expected in October, rising for the first time in seven months.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.45%.
Later in the day, the U.S. was to publish industry data on house prices, as well as data on consumer confidence. The country was also to release an index of manufacturing growth in the Chicago area, while Federal Reserve Chairman, Ben Bernanke was to speak at a public engagement.