Investing.com - The U.S. dollar remained lower against all of its major counterparts on Tuesday, but investors remained wary ahead of a meeting between German Chancellor Angela Merkel and International Monetary Fund President Christine Lagarde to discuss Greece’s bailout.
During European afternoon trade, the dollar was lower against the euro, with EUR/USD adding 0.23% to hit 1.2795.
On Monday, Merkel warned Greece that it would not be possible to give further financial aid without swift progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
The euro found support earlier after ratings agency Fitch said that France, the euro zone's second largest economy, would not be downgraded in 2012.
The greenback was also lower against the pound, with GBP/USD rising 0.11% to hit 1.5474.
In the U.K., industry data showed that house showed prices fell at a marginally slower pace in the three months to December, with prices expected to continue falling in the coming months.
A separate report showed that U.K. retail sales jumped in December, but retailers expect another difficult year in 2012.
The greenback was unchanged against the yen and dipped against the Swiss franc, with USD/JPY trading at 76.83 and USD/CHF slipping 0.0.8% to hit 0.9486.
The greenback was sharply lower against its counterparts in Canada, Australia and New Zealand, with USD/CAD shedding 0.66% to hit 1.0165, AUD/USD jumping 0.98% to hit 1.0339 and NZD/USD surging 0.94% to hit 0.7946.
Earlier in the day, official data showed that Canadian housing starts rose more-than-expected in December.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.24% to hit 81.11.
Also Tuesday, investors were keeping a close eye on the borrowing costs of troubled euro zone states Spain and Italy, ahead of government debt auctions later in the week.
The yield on 10-year Italian government bonds remained above the 7% threshold seen as unsustainable at 7.15%, while the yield on Spanish 10-year bonds was at 5.55%.
During European afternoon trade, the dollar was lower against the euro, with EUR/USD adding 0.23% to hit 1.2795.
On Monday, Merkel warned Greece that it would not be possible to give further financial aid without swift progress on its second rescue package, including a voluntary write-down on Greek debt held by private creditors.
The euro found support earlier after ratings agency Fitch said that France, the euro zone's second largest economy, would not be downgraded in 2012.
The greenback was also lower against the pound, with GBP/USD rising 0.11% to hit 1.5474.
In the U.K., industry data showed that house showed prices fell at a marginally slower pace in the three months to December, with prices expected to continue falling in the coming months.
A separate report showed that U.K. retail sales jumped in December, but retailers expect another difficult year in 2012.
The greenback was unchanged against the yen and dipped against the Swiss franc, with USD/JPY trading at 76.83 and USD/CHF slipping 0.0.8% to hit 0.9486.
The greenback was sharply lower against its counterparts in Canada, Australia and New Zealand, with USD/CAD shedding 0.66% to hit 1.0165, AUD/USD jumping 0.98% to hit 1.0339 and NZD/USD surging 0.94% to hit 0.7946.
Earlier in the day, official data showed that Canadian housing starts rose more-than-expected in December.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.24% to hit 81.11.
Also Tuesday, investors were keeping a close eye on the borrowing costs of troubled euro zone states Spain and Italy, ahead of government debt auctions later in the week.
The yield on 10-year Italian government bonds remained above the 7% threshold seen as unsustainable at 7.15%, while the yield on Spanish 10-year bonds was at 5.55%.