Investing.com – The U.S. dollar was up against most of the other major currencies on Thursday, after a flurry of mixed U.S. economic data added to ongoing fears over the rate of the global economic recovery.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.45% to hit 1.3070.
Earlier in the day, official data showed that U.S. initial jobless claims fell unexpectedly last week, while an index of manufacturing conditions in Philadelphia rose less-than-expected in September.
The greenback was also down against the yen, with USD/JPY shedding 0.02% to hit 85.72.
Earlier Thursday, the Governor of the Bank of Japan signaled that authorities would continue to intervene in currency markets “when necessary”.
But the greenback was up against the pound, with GBP/USD shedding 0.08% to hit 1.5612.
Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected in August, while U.K. consumer inflation expectations rose to their highest level in 2 years in August.
The greenback was also up against the Swiss franc, with USD/CHF soaring 1.15% to hit 1.0146.
Earlier Thursday, the Swiss National Bank revised down its inflation expectations for 2010 and 2011.
Meanwhile, the greenback was up against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.45% to hit 0.939, NZD/USD tumbling 1.33% to hit 0.7218 and USD/CAD gaining 0.24% to hit 1.0286.
Earlier in the day, the Reserve Bank of New Zealand left its benchmark interest rate unchanged, in line with expectations.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26%.
Also Thursday, official data showed that U.S. producer price inflation increased more-than-expected in August.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.45% to hit 1.3070.
Earlier in the day, official data showed that U.S. initial jobless claims fell unexpectedly last week, while an index of manufacturing conditions in Philadelphia rose less-than-expected in September.
The greenback was also down against the yen, with USD/JPY shedding 0.02% to hit 85.72.
Earlier Thursday, the Governor of the Bank of Japan signaled that authorities would continue to intervene in currency markets “when necessary”.
But the greenback was up against the pound, with GBP/USD shedding 0.08% to hit 1.5612.
Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected in August, while U.K. consumer inflation expectations rose to their highest level in 2 years in August.
The greenback was also up against the Swiss franc, with USD/CHF soaring 1.15% to hit 1.0146.
Earlier Thursday, the Swiss National Bank revised down its inflation expectations for 2010 and 2011.
Meanwhile, the greenback was up against its Australian, New Zealand and Canadian counterparts, with AUD/USD shedding 0.45% to hit 0.939, NZD/USD tumbling 1.33% to hit 0.7218 and USD/CAD gaining 0.24% to hit 1.0286.
Earlier in the day, the Reserve Bank of New Zealand left its benchmark interest rate unchanged, in line with expectations.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.26%.
Also Thursday, official data showed that U.S. producer price inflation increased more-than-expected in August.