Forex - Dollar mixed vs. rivals as U.S. Treasury yield retreat

Published 12/16/2010, 04:46 AM
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Investing.com – The U.S. dollar was mixed against its major counterparts on Thursday, as trade remained choppy in the run-up to the year end and as a surge in U.S. Treasury yields ebbed.

During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.21% to hit 1.3244.

Earlier in the day, preliminary data showed that the German manufacturing PMI rose more-than-expected in December while the euro zone manufacturing PMI also rose more-than-expected.

The greenback was also down against the pound with GBP/USD climbing 0.25% to hit 1.5582. Earlier, official data showed that U.K. retail sales rose less-than-expected in November.

Elsewhere, the greenback was down against the yen and unchanged against the Swiss franc, with USD/JPY shedding 0.23% to hit 83.04 and USD/CHF trading flat at 0.9683.

Earlier Thursday, official data showed that Swiss industrial production rose more-than-expected in the third quarter.

Meanwhile, the greenback was up against its Canadian and New Zealand counterparts but down against its Australian cousin, with USD/CAD edging up 0.06% to hit 1.0055, NZD/USD shedding 0.39% to hit 0.7365 and AUD/USD climbing 0.11% to hit 0.9880.

Earlier in the day, data showed that consumer confidence in New Zealand fell to an 18 month low in the third quarter, while a separate report showed that Australian inflation expectations declined for a second month in December.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.28%.

Later Thursday, the U.S. was to publish a key weekly report on initial jobless claims, as well as data on building permits, housing starts and manufacturing activity in Philadelphia.


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