Investing.com – The U.S. dollar remained broadly lower against its major counterparts on Wednesday, after a government report showing that U.S. retail sales rose slightly less-than-expected last month.
During early U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.17% to hit 1.4501.
The greenback was also lower against the pound, with GBP/USD climbing 0.25% to hit 1.6297.
Earlier in the day, official data showed that the jobless rate in the U.K. unexpectedly fell to 7.8% in March, the first fall since September, but the number of people claiming unemployment benefits in the U.K. rose unexpectedly.
Elsewhere, the greenback was up against the yen but was down against the Swiss franc with USD/JPY gaining 0.46% to hit 83.96 and USD/CHF shedding 0.24% to hit 0.8948.
Earlier Wednesday, official data showed that Swiss producer price inflation rose in line with expectations in March.
Meanwhile, the greenback was slightly higher against its Canadian cousin but remained down against its Australian and New Zealand counterparts, with USD/CAD dipping 0.03% to hit 0.8903, AUD/USD advancing 0.76% to hit 1.0520 and NZD/USD rallying 1.10% to hit 0.7924.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.14%.
Earlier in the day, official data showed that U.S. retail sales rose for the ninth consecutive month in March, rising 0.4%, slightly less than the 0.5% gain analysts expected, as rising gasoline prices compensated for a steep decline in automobile sales.
During early U.S. trade, the greenback was lower against the euro, with EUR/USD rising 0.17% to hit 1.4501.
The greenback was also lower against the pound, with GBP/USD climbing 0.25% to hit 1.6297.
Earlier in the day, official data showed that the jobless rate in the U.K. unexpectedly fell to 7.8% in March, the first fall since September, but the number of people claiming unemployment benefits in the U.K. rose unexpectedly.
Elsewhere, the greenback was up against the yen but was down against the Swiss franc with USD/JPY gaining 0.46% to hit 83.96 and USD/CHF shedding 0.24% to hit 0.8948.
Earlier Wednesday, official data showed that Swiss producer price inflation rose in line with expectations in March.
Meanwhile, the greenback was slightly higher against its Canadian cousin but remained down against its Australian and New Zealand counterparts, with USD/CAD dipping 0.03% to hit 0.8903, AUD/USD advancing 0.76% to hit 1.0520 and NZD/USD rallying 1.10% to hit 0.7924.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.14%.
Earlier in the day, official data showed that U.S. retail sales rose for the ninth consecutive month in March, rising 0.4%, slightly less than the 0.5% gain analysts expected, as rising gasoline prices compensated for a steep decline in automobile sales.