Investing.com – The U.S. dollar was down against all of the other major currencies on Wednesday, after worse-than-expected data on U.S. consumer confidence put the dollar under broad selling pressure.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.29% to hit 1.3627.
The greenback was also down against the pound, with GBP/USD gaining 0.16% to hit 1.5828.
Elsewhere, the greenback was also down against the yen and the Swiss franc with USD/JPY shedding 0.34% to hit 83.58 and USD/CHF falling 0.15% to hit 0.9742.
Earlier in the day, official data showed that business confidence among Japanese manufacturers improved in September for the sixth consecutive quarter but the 3-month outlook dropped for the first time in seven quarters, amid concerns over the yen's continuing strength.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.30% to hit 1.0267, AUD/USD up 0.48% to hit 0.9723 and NZD/USD up 0.06% to hit 0.7398.
Earlier Wednesday, official data showed that New Zealand's trade deficit widened significantly more-than-expected in August.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.33%.
On Tuesday, data showed that U.S. consumer confidence fell significantly more-than-expected in September as consumers saw no improvement in the labor market.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.29% to hit 1.3627.
The greenback was also down against the pound, with GBP/USD gaining 0.16% to hit 1.5828.
Elsewhere, the greenback was also down against the yen and the Swiss franc with USD/JPY shedding 0.34% to hit 83.58 and USD/CHF falling 0.15% to hit 0.9742.
Earlier in the day, official data showed that business confidence among Japanese manufacturers improved in September for the sixth consecutive quarter but the 3-month outlook dropped for the first time in seven quarters, amid concerns over the yen's continuing strength.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.30% to hit 1.0267, AUD/USD up 0.48% to hit 0.9723 and NZD/USD up 0.06% to hit 0.7398.
Earlier Wednesday, official data showed that New Zealand's trade deficit widened significantly more-than-expected in August.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.33%.
On Tuesday, data showed that U.S. consumer confidence fell significantly more-than-expected in September as consumers saw no improvement in the labor market.