Investing.com – The U.S. dollar was up against all of its major counterparts on Tuesday, as fears over sovereign debt contagion among peripheral euro zone nations curbed risk appetite.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3553.
Earlier in the day, the European Central Bank and some euro zone counterparts put Ireland under pressure to apply for funds from the European Financial Stability Facility amid signs that market contagion was spreading Portugal and Spain.
The greenback was also up against the pound and the Swiss franc, with GBP/USD tumbling 0.91% to hit 1.5905 and USD/CHF climbing 0.44% to hit 0.9889.
Earlier Tuesday, official data showed that U.K. consumer price inflation rose unexpectedly in October.
In addition, the greenback was up against the yen, with USD/JPY gaining 0.30% to hit 83.32. Earlier in the day, official data showed that Japan’s tertiary industry activity declined significantly more-than-expected in September.
Elsewhere the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD jumping 1.33% to hit 1.0232, AUD/USD plunging 0.86% to hit 0.9767 and NZD/USD dropping 0.67% to hit 0.7677.
Earlier Tuesday, official data showed that Canadian manufacturing sales fell less-than-expected in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37%.
Also Tuesday, official data showed that U.S. producer price inflation rose less-than-expected in October, while core PPI, which excludes food and energy costs fell unexpectedly to hit a 4-year low. Elsewhere, a separate report said that U.S. industrial production was unexpectedly flat at in October.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.24% to hit 1.3553.
Earlier in the day, the European Central Bank and some euro zone counterparts put Ireland under pressure to apply for funds from the European Financial Stability Facility amid signs that market contagion was spreading Portugal and Spain.
The greenback was also up against the pound and the Swiss franc, with GBP/USD tumbling 0.91% to hit 1.5905 and USD/CHF climbing 0.44% to hit 0.9889.
Earlier Tuesday, official data showed that U.K. consumer price inflation rose unexpectedly in October.
In addition, the greenback was up against the yen, with USD/JPY gaining 0.30% to hit 83.32. Earlier in the day, official data showed that Japan’s tertiary industry activity declined significantly more-than-expected in September.
Elsewhere the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD jumping 1.33% to hit 1.0232, AUD/USD plunging 0.86% to hit 0.9767 and NZD/USD dropping 0.67% to hit 0.7677.
Earlier Tuesday, official data showed that Canadian manufacturing sales fell less-than-expected in September.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.37%.
Also Tuesday, official data showed that U.S. producer price inflation rose less-than-expected in October, while core PPI, which excludes food and energy costs fell unexpectedly to hit a 4-year low. Elsewhere, a separate report said that U.S. industrial production was unexpectedly flat at in October.