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Forex - Dollar up vs. rivals as euro zone debt auctions eyed

Published 01/13/2011, 03:43 AM
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Investing.com – The U.S. dollar was up against all of its major counterparts on Thursday, as investors awaited the outcome of Spanish and Italian debt auctions to be held later in the day.

During European morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.04% to hit 1.3124.

Later Thursday, Spain, the euro zone’s second most indebted nation, planed to sell as much as EUR3 billion of five-year bonds while Italy was to market EUR6 billion of securities maturing in 2015 and 2026.

The greenback was also up against sterling with GBP/USD sliding 0.19% to hit 1.5732.

Elsewhere, the greenback was up against the yen and the Swiss franc, with USD/JPY rising 0.11% to hit 83.09 and USD/CHF surging 0.72% to hit 0.9735.

Earlier in the day, official data showed that Japanese machinery orders unexpectedly fell in November, down for the third consecutive month.

Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.24% to hit 0.9873, AUD/USD shedding 0.25% to hit 0.994 and NZD/USD easing down 0.02% to hit 0.7635.

Earlier in the day, official data showed that the number of employed in Australia rose much less than forecast in December. However, the unemployment rate fell to a lower-than-expected 5.0%, from 5.2% in November.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.14%.

Later in the day, the U.S. was to release a flurry of data, including a key weekly report on initial jobless claims as well as data on producer price inflation and the country’s trade balance while both the European Central Bank and the Bank of England were to announce their benchmark interest rates.


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