Investing.com – The U.S. dollar was mixed against most of the other major currencies amid volatile trade on Monday, as markets searched for direction on a day with no major economic releases on the calendar.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.05% to hit 1.3497.
Earlier in the day, Moody's Investor Service's downgraded the senior debt rating of Anglo Irish Bank.
The greenback was also down against the pound, with GBP/USD gaining 0.09% to hit 1.5838.
Earlier Monday, the U.K. Confederation of Business Industry said that while third quarter growth in the country's banking sector was the fastest since June 2007 it was still below expectations.
Elsewhere, the greenback was down against the yen with USD/JPY shedding 0.06% to hit 84.23.
Earlier Monday, Bank of Japan Governor Masaaki Shirakawa said that the bank would continue to closely monitor the impact of the strong yen on Japan's economy.
But the greenback was up against the Swiss franc, with USD/CHF gaining 0.03% to hit 0.9836.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.09% to hit 1.0232, AUD/USD advancing 0.20% to hit 0.9612 and NZD/USD gaining 0.23% to hit 0.7360.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.03%.
Also Monday, economist Nouriel Roubini, famous for forecasting the credit crisis, warned that the U.S. economy could descend into a second recession. He also said that second-quarter GDP figures for the U.S. were likely to be revised down after “awful” June housing data.
During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.05% to hit 1.3497.
Earlier in the day, Moody's Investor Service's downgraded the senior debt rating of Anglo Irish Bank.
The greenback was also down against the pound, with GBP/USD gaining 0.09% to hit 1.5838.
Earlier Monday, the U.K. Confederation of Business Industry said that while third quarter growth in the country's banking sector was the fastest since June 2007 it was still below expectations.
Elsewhere, the greenback was down against the yen with USD/JPY shedding 0.06% to hit 84.23.
Earlier Monday, Bank of Japan Governor Masaaki Shirakawa said that the bank would continue to closely monitor the impact of the strong yen on Japan's economy.
But the greenback was up against the Swiss franc, with USD/CHF gaining 0.03% to hit 0.9836.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.09% to hit 1.0232, AUD/USD advancing 0.20% to hit 0.9612 and NZD/USD gaining 0.23% to hit 0.7360.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.03%.
Also Monday, economist Nouriel Roubini, famous for forecasting the credit crisis, warned that the U.S. economy could descend into a second recession. He also said that second-quarter GDP figures for the U.S. were likely to be revised down after “awful” June housing data.