Forex - Dollar up vs. most rivals ahead of key U.S. home sales data

Published 10/04/2010, 07:57 AM
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Investing.com – The U.S. dollar was up against most of the other major currencies on Monday, ahead of the release of key data on U.S. pending home sales.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.58% to hit 1.3711.

The greenback was also up against the yen, with USD/JPY gaining 0.09% to hit 83.29.

But the greenback was down against the pound, with GBP/USD adding 0.07% to hit 1.5833, after U.K. finance minister George Osborne said Britain was out of the "financial danger zone," but needed to stick to its plans to cut the budget deficit. 

The greenback was also down against the Swiss franc, with USD/CHF falling 0.10% to hit 0.9729.

Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD adding 0.18% to hit 1.0216, AUD/USD falling 0.40% to hit 0.9686 and NZD/USD shedding 0.34% to hit 0.7420.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.35%.

Later in the day the U.S. was to publish official data on pending home sales while Federal Reserve chairman Ben Bernanke was to make a speech.

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