Investing.com – The U.S. dollar was up against all of the other major currencies on Tuesday, on the view that further monetary easing by the Federal Reserve was now well priced into the market.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.13% to hit 1.3914. Earlier Tuesday, official data showed that the euro zone budget deficit widened unexpectedly in August.
The greenback was also up against the pound and the Swiss franc with GBP/USD slipping 0.28% to hit 1.5831 and USD/CHF up 0.02% to hit 0.9599.
Elsewhere, the greenback was up against the yen, with USD/JPY gaining 0.13% to hit 81.38. Earlier in the day, the Japanese government downgraded its assessment of the economy for the first time in 20 months.
In addition, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.40% to hit 1.0213, AUD/USD down 0.06% to hit 0.9882 and NZD/USD sliding 0.08% to hit 0.7540.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.41%.
Later in the day, the U.S. was to publish official data on building permits and housing starts.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.13% to hit 1.3914. Earlier Tuesday, official data showed that the euro zone budget deficit widened unexpectedly in August.
The greenback was also up against the pound and the Swiss franc with GBP/USD slipping 0.28% to hit 1.5831 and USD/CHF up 0.02% to hit 0.9599.
Elsewhere, the greenback was up against the yen, with USD/JPY gaining 0.13% to hit 81.38. Earlier in the day, the Japanese government downgraded its assessment of the economy for the first time in 20 months.
In addition, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.40% to hit 1.0213, AUD/USD down 0.06% to hit 0.9882 and NZD/USD sliding 0.08% to hit 0.7540.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.41%.
Later in the day, the U.S. was to publish official data on building permits and housing starts.