Investing.com – The U.S. dollar was up against most of the other major currencies on Tuesday, as risk aversion increased amid ongoing fears over the global economic recovery.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.27% to hit 1.2847.
Earlier in the day, data showed that German economic sentiment declined more-than-expected hitting a 19-month low in August, while economic sentiment in the euro zone also declined more-than-expected.
The greenback was also up against the pound, with GBP/USD shedding 0.10% to hit 1.5414.
Earlier Tuesday, official data showed that consumer price inflation in the U.K. was unchanged in August.
But the U.S. dollar was down against the yen and Swiss franc, with USD/JPY falling 0.42% to hit 83.35 and USD/CHF shedding 0.36% to hit 1.0037.
Earlier in the day, Japanese incumbent Prime Minister Naoto Kan defeated rival Ichiro Ozawa, to maintain leadership of Japan’s ruling Democratic Party.
Meanwhile, the greenback was up against its Australian, New Zealand and Canadian counterparts, as AUD/USD shed 0.27% to hit 0.9333, NZD/USD tumbled 0.80% to hit 0.7284, while USD/CAD gained 0.06% to hit 1.0278.
Earlier Tuesday, official data showed that retail sales in New Zealand fell unexpectedly in July.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.12%.
Later in the day, the U.S. was to release key data on retail sales.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.27% to hit 1.2847.
Earlier in the day, data showed that German economic sentiment declined more-than-expected hitting a 19-month low in August, while economic sentiment in the euro zone also declined more-than-expected.
The greenback was also up against the pound, with GBP/USD shedding 0.10% to hit 1.5414.
Earlier Tuesday, official data showed that consumer price inflation in the U.K. was unchanged in August.
But the U.S. dollar was down against the yen and Swiss franc, with USD/JPY falling 0.42% to hit 83.35 and USD/CHF shedding 0.36% to hit 1.0037.
Earlier in the day, Japanese incumbent Prime Minister Naoto Kan defeated rival Ichiro Ozawa, to maintain leadership of Japan’s ruling Democratic Party.
Meanwhile, the greenback was up against its Australian, New Zealand and Canadian counterparts, as AUD/USD shed 0.27% to hit 0.9333, NZD/USD tumbled 0.80% to hit 0.7284, while USD/CAD gained 0.06% to hit 1.0278.
Earlier Tuesday, official data showed that retail sales in New Zealand fell unexpectedly in July.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.12%.
Later in the day, the U.S. was to release key data on retail sales.