Investing.com – The U.S. dollar was up against most of the other major currencies on Monday, amid profit taking, as hedge fund traders locked in profits resulting from last week's dollar weakness.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3442.
The greenback was also up against the pound and the Swiss franc, with GBP/USD slipping 0.09% to hit 1.5811 and USD/CHF gaining 0.23% to hit 0.9856.
Earlier in the day, data from property firm Hometrack said that U.K. house prices dropped by the most in 18 months in September.
Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.02% to hit 1.0245, AUD/USD shedding 0.03% to hit 0.9589 and NZD/USD falling 0.09% to hit 0.7343.
But the greenback was down against the yen with USD/JPY shedding 0.06% to hit 84.23.
Earlier Monday, Bank of Japan Governor Masaaki Shirakawa said that the bank would continue to closely monitor the impact of the strong yen on Japan's economy.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.22%.
Earlier in the day,economist Nouriel Roubini, famous for forecasting the credit crisis, warned that the U.S. economy could descend into a second resession. He also said that second-quarter GDP figures for the U.S. are likely to be revised down after “awful” June housing data.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.3442.
The greenback was also up against the pound and the Swiss franc, with GBP/USD slipping 0.09% to hit 1.5811 and USD/CHF gaining 0.23% to hit 0.9856.
Earlier in the day, data from property firm Hometrack said that U.K. house prices dropped by the most in 18 months in September.
Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.02% to hit 1.0245, AUD/USD shedding 0.03% to hit 0.9589 and NZD/USD falling 0.09% to hit 0.7343.
But the greenback was down against the yen with USD/JPY shedding 0.06% to hit 84.23.
Earlier Monday, Bank of Japan Governor Masaaki Shirakawa said that the bank would continue to closely monitor the impact of the strong yen on Japan's economy.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.22%.
Earlier in the day,economist Nouriel Roubini, famous for forecasting the credit crisis, warned that the U.S. economy could descend into a second resession. He also said that second-quarter GDP figures for the U.S. are likely to be revised down after “awful” June housing data.