Investing.com – The U.S. dollar was up against most of the other major currencies on Monday, as the dollar gained ground amid a sense that expectations for further monetary easing by the Federal Reserve were now priced in to the market.
During European morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.74% to hit 1.3871.
The greenback was also up against the pound with GBP/USD plunging 0.75% to hit 1.5870. Late Sunday, Britain’s largest property website Rightmove said that its house price index rose 3.1% in October, after declining 1.1% in September.
The greenback was up against the Swiss franc, with USD/CHF advancing 0.49% to hit 0.9633.
In addition, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD jumping 1.06% to hit 1.0213, AUD/USD falling 0.71% to hit 0.9835 and NZD/USD losing 0.58% to hit 0.7513.
Earlier in the day, official data showed that New Zealand’s rate of consumer price inflation rose more-than-expected in the last quarter.
But the greenback was down against the yen, with USD/JPY shedding 0.29% to hit 81.23.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.71%.
Later in the day, the U.S. was to release official data on TIC long term purchases as well as data on the capacity utilization rate and industrial production.
During European morning trade, the greenback was up against the euro, with EUR/USD tumbling 0.74% to hit 1.3871.
The greenback was also up against the pound with GBP/USD plunging 0.75% to hit 1.5870. Late Sunday, Britain’s largest property website Rightmove said that its house price index rose 3.1% in October, after declining 1.1% in September.
The greenback was up against the Swiss franc, with USD/CHF advancing 0.49% to hit 0.9633.
In addition, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD jumping 1.06% to hit 1.0213, AUD/USD falling 0.71% to hit 0.9835 and NZD/USD losing 0.58% to hit 0.7513.
Earlier in the day, official data showed that New Zealand’s rate of consumer price inflation rose more-than-expected in the last quarter.
But the greenback was down against the yen, with USD/JPY shedding 0.29% to hit 81.23.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.71%.
Later in the day, the U.S. was to release official data on TIC long term purchases as well as data on the capacity utilization rate and industrial production.