Investing.com – The U.S. dollar was up against most of the other major currencies on Tuesday, as markets remained focused on the prospect of a fresh round of monetary easing by the Federal Reserve.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.64% to hit 1.3788.
The greenback was also up against the pound, with GBP/USD down 0.39% to hit 1.5806. Earlier in the day, official data showed that U.K. consumer price inflation rose in line with expectations in September.
Elsewhere, the dollar was up against the Swiss franc with USD/CHF advancing 0.74% to hit 0.9720.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.34% to hit 1.0174, AUD/USD shedding 0.62% to hit 0.9776 and NZD/USD falling 0.41% to hit 0.7483.
But the greenback was down against the yen, with USD/JPY shedding 0.05% to hit 82.03. Earlier Tuesday, Japanese Finance Minister Yoshihiko Noda said his government “will watch currencies with great interest and will take bold action, which includes intervention, if needed.”
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.54%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.64% to hit 1.3788.
The greenback was also up against the pound, with GBP/USD down 0.39% to hit 1.5806. Earlier in the day, official data showed that U.K. consumer price inflation rose in line with expectations in September.
Elsewhere, the dollar was up against the Swiss franc with USD/CHF advancing 0.74% to hit 0.9720.
The greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.34% to hit 1.0174, AUD/USD shedding 0.62% to hit 0.9776 and NZD/USD falling 0.41% to hit 0.7483.
But the greenback was down against the yen, with USD/JPY shedding 0.05% to hit 82.03. Earlier Tuesday, Japanese Finance Minister Yoshihiko Noda said his government “will watch currencies with great interest and will take bold action, which includes intervention, if needed.”
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.54%.
Later in the day, the Fed was to publish the minutes of its September 21 meeting of the Federal Open Market Committee.