Investing.com – The U.S. dollar was up against all of its major counterparts on Monday, ahead of a meeting of Eurogroup finance ministers to discuss steps to address the sovereign debt crisis in the single currency bloc.
During European afternoon trade, the greenback was up against the euro, with EUR/USD plunging 0.92% to hit 1.3289.
Later in the day, euro zone finance ministers were due to meet in Brussels to discuss the outlook for Portugal and whether the EUR750 billion bailout fund for euro zone countries should be enlarged.
The greenback was also up against the pound with GBP/USD shedding 0.56% to hit 1.5681.
In addition, the greenback was up against the Swiss franc and the yen, with USD/CHF soaring 1.31% to hit 0.9864 and USD/JPY rising 0.24% to hit 82.73.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.25% to hit 1.0063, AUD/USD shedding 0.42% to hit 0.9889 and NZD/USD tumbling 0.73% to hit 0.7605.
Earlier in the day, official data showed that the number of building Canadian building permits issued tumbled more-than-expected in October, while a separate report showed that Canada's Ivey purchasing managers’ index increased unexpectedly in November.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.76%.
On Sunday, Federal Reserve Chairman Ben Bernanke said purchases of Treasuries beyond the USD600 billion announced last month were “certainly possible.”
The Fed chair also said it could be four to five years before the U.S. returned to a more normal jobless rate but that the U.S. economy was not likely to fall back into a recession.
During European afternoon trade, the greenback was up against the euro, with EUR/USD plunging 0.92% to hit 1.3289.
Later in the day, euro zone finance ministers were due to meet in Brussels to discuss the outlook for Portugal and whether the EUR750 billion bailout fund for euro zone countries should be enlarged.
The greenback was also up against the pound with GBP/USD shedding 0.56% to hit 1.5681.
In addition, the greenback was up against the Swiss franc and the yen, with USD/CHF soaring 1.31% to hit 0.9864 and USD/JPY rising 0.24% to hit 82.73.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.25% to hit 1.0063, AUD/USD shedding 0.42% to hit 0.9889 and NZD/USD tumbling 0.73% to hit 0.7605.
Earlier in the day, official data showed that the number of building Canadian building permits issued tumbled more-than-expected in October, while a separate report showed that Canada's Ivey purchasing managers’ index increased unexpectedly in November.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.76%.
On Sunday, Federal Reserve Chairman Ben Bernanke said purchases of Treasuries beyond the USD600 billion announced last month were “certainly possible.”
The Fed chair also said it could be four to five years before the U.S. returned to a more normal jobless rate but that the U.S. economy was not likely to fall back into a recession.