Investing.com – The U.S. dollar held steady against its major counterparts on Monday, following Friday’s broad decline after scant gains in U.S. nonfarm payrolls added to concerns over a slowdown in the U.S. economic recovery.
During European morning trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.10% to hit 1.4617.
The euro remained supported after the European Union and the International Monetary Fund agreed Friday to pay the next installment to Greece under last year’s bailout, averting the risk of a default.
The greenback was up slightly against the pound, with GBP/USD sliding 0.09% to hit 1.6407.
Earlier in the day, U.K. Chancellor George Osborne was forced to defend his deficit-cutting plan after a group of economists said the pace of cutbacks was putting the country’s economic recovery at risk.
Meanwhile, the greenback was down against the yen but up against the Swiss franc with USD/JPY shedding 0.15% to hit 80.13 and USD/CHF easing up 0.08% to hit 0.8344.
Elsewhere, the greenback was higher against its Canadian and New Zealand counterparts but lower against its Australian cousin, with USD/CAD climbing 0.34% to hit 0.9810, NZD/USD dipping 0.04% to hit 0.8145 and AUD/USD easing up 0.13% to hit 1.0729.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.03%.
Later Monday, Philadelphia Federal Reserve Bank President Charles Plosser and Dallas Fed President Richard Fisher were scheduled to speak. Their comments would be closely watched for their views on the U.S. economic recovery.
During European morning trade, the greenback was slightly higher against the euro, with EUR/USD slipping 0.10% to hit 1.4617.
The euro remained supported after the European Union and the International Monetary Fund agreed Friday to pay the next installment to Greece under last year’s bailout, averting the risk of a default.
The greenback was up slightly against the pound, with GBP/USD sliding 0.09% to hit 1.6407.
Earlier in the day, U.K. Chancellor George Osborne was forced to defend his deficit-cutting plan after a group of economists said the pace of cutbacks was putting the country’s economic recovery at risk.
Meanwhile, the greenback was down against the yen but up against the Swiss franc with USD/JPY shedding 0.15% to hit 80.13 and USD/CHF easing up 0.08% to hit 0.8344.
Elsewhere, the greenback was higher against its Canadian and New Zealand counterparts but lower against its Australian cousin, with USD/CAD climbing 0.34% to hit 0.9810, NZD/USD dipping 0.04% to hit 0.8145 and AUD/USD easing up 0.13% to hit 1.0729.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.03%.
Later Monday, Philadelphia Federal Reserve Bank President Charles Plosser and Dallas Fed President Richard Fisher were scheduled to speak. Their comments would be closely watched for their views on the U.S. economic recovery.