Investing.com – The U.S. dollar was up against most of the other major currencies on Wednesday, ahead of the release of key U.S. data on employment and services sector growth.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.12% to hit 1.3215.
The greenback was also up against the pound, with GBP/USD losing 0.12% to hit 1.5933.
Earlier in the day, data showed that U.K. service sector growth declined unexpectedly in July.
The greenback was up against the Swiss franc and the New Zealand dollar, with USD/CHF gaining 0.44% to hit 1.0457 and NZD/USD slipping 0.32% to hit 0.7318.
But the greenback was down against the yen, with USD/JPY shedding 0.37% to hit 85.47.
Earlier Wednesday, Japan's finance minister Yoshihiko Noda said he would allow market forces to set the yen's exchange rate, saying the government is not considering measures to curb the currency's strong gains.
Meanwhile, the greenback was also down against its Canadian and Australian counterparts, with USD/CAD shedding 0.04% to hit 1.0230 and AUD/USD gaining 0.12% to hit 0.9139.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.02%.
Later in the day, the U.S. was to release ADP non-farm payrolls as well as key data on service sector growth.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.12% to hit 1.3215.
The greenback was also up against the pound, with GBP/USD losing 0.12% to hit 1.5933.
Earlier in the day, data showed that U.K. service sector growth declined unexpectedly in July.
The greenback was up against the Swiss franc and the New Zealand dollar, with USD/CHF gaining 0.44% to hit 1.0457 and NZD/USD slipping 0.32% to hit 0.7318.
But the greenback was down against the yen, with USD/JPY shedding 0.37% to hit 85.47.
Earlier Wednesday, Japan's finance minister Yoshihiko Noda said he would allow market forces to set the yen's exchange rate, saying the government is not considering measures to curb the currency's strong gains.
Meanwhile, the greenback was also down against its Canadian and Australian counterparts, with USD/CAD shedding 0.04% to hit 1.0230 and AUD/USD gaining 0.12% to hit 0.9139.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.02%.
Later in the day, the U.S. was to release ADP non-farm payrolls as well as key data on service sector growth.