Investing.com – The U.S. dollar was up against most of its major counterparts on Monday, as escalating unrest in North Africa and the Middle East provided safe haven support for the greenback.
During European late afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.27% to hit 1.3654.
Earlier in the day, German research institute, Ifo, said its Business Climate Index rose more-than-expected in February, to hit a new all-time high. Separate reports showed that the euro zone’s manufacturing and services sectors expanded more-than-expected in February.
The greenback was also up against the pound, with GBP/USD slipping 0.14% to hit 1.6229.
Earlier Monday, industry data showed that house prices in the U.K. climbed for a second month in February.
In addition, the greenback was higher against the yen and the Swiss franc, with USD/JPY easing up 0.02% to hit 83.2 and USD/CHF climbing 0.34% to hit 0.9479.
Meanwhile, the greenback was down against its Canadian counterpart but up against its Australian and New Zealand cousins, with USD/CAD shedding 0.25% to hit 0.9841, AUD/USD shedding 0.54% to hit 1.009 and NZD/USD dipping 0.03% to hit 0.7611.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.21%.
Meanwhile, markets in the U.S. were to remain closed on Monday for the President’s Day holiday.
During European late afternoon trade, the greenback was higher against the euro, with EUR/USD shedding 0.27% to hit 1.3654.
Earlier in the day, German research institute, Ifo, said its Business Climate Index rose more-than-expected in February, to hit a new all-time high. Separate reports showed that the euro zone’s manufacturing and services sectors expanded more-than-expected in February.
The greenback was also up against the pound, with GBP/USD slipping 0.14% to hit 1.6229.
Earlier Monday, industry data showed that house prices in the U.K. climbed for a second month in February.
In addition, the greenback was higher against the yen and the Swiss franc, with USD/JPY easing up 0.02% to hit 83.2 and USD/CHF climbing 0.34% to hit 0.9479.
Meanwhile, the greenback was down against its Canadian counterpart but up against its Australian and New Zealand cousins, with USD/CAD shedding 0.25% to hit 0.9841, AUD/USD shedding 0.54% to hit 1.009 and NZD/USD dipping 0.03% to hit 0.7611.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.21%.
Meanwhile, markets in the U.S. were to remain closed on Monday for the President’s Day holiday.