Investing.com – The U.S. dollar was up against most of the other major currencies on Tuesday, as concerns that the Federal Reserve would implement large scale qualitative easing measures to boost U.S. growth eased.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.30% to hit 1.3412.
Earlier in the day, the market research group Gfk said its index of Germany's consumer climate rose more-than-expected in September, climbing to its highest level since October 2007.
The greenback was also up against the pound, with GBP/USD slipping 0.23% to hit 1.5792.
But the greenback was down against the yen and the Swiss franc with USD/JPY shedding 0.06% to hit 84.23 and USD/CHF shedding 0.05% to hit 0.9848.
Earlier Tuesday, official data showed that Switzerland's UBS consumption indicator continued to rise in August.
Elsewhere, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.45% to hit 1.0340, AUD/USD shedding 0.27% to hit 0.9583 and NZD/USD falling 0.27% to hit 0.7324.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.20%.
Earlier in the day, the Wall Street Journal reported that Fed officials were considering smaller scale Treasury purchases than were undertaken in the past while leaving open the option to do more as the economic situation evolved.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.30% to hit 1.3412.
Earlier in the day, the market research group Gfk said its index of Germany's consumer climate rose more-than-expected in September, climbing to its highest level since October 2007.
The greenback was also up against the pound, with GBP/USD slipping 0.23% to hit 1.5792.
But the greenback was down against the yen and the Swiss franc with USD/JPY shedding 0.06% to hit 84.23 and USD/CHF shedding 0.05% to hit 0.9848.
Earlier Tuesday, official data showed that Switzerland's UBS consumption indicator continued to rise in August.
Elsewhere, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.45% to hit 1.0340, AUD/USD shedding 0.27% to hit 0.9583 and NZD/USD falling 0.27% to hit 0.7324.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.20%.
Earlier in the day, the Wall Street Journal reported that Fed officials were considering smaller scale Treasury purchases than were undertaken in the past while leaving open the option to do more as the economic situation evolved.