Investing.com – The U.S. dollar was up against most of the other major currencies on Tuesday, amid speculation that the U.S. Federal Reserve would not announce fresh stimulus measures after its policy meeting.
During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 1.02% to hit 1.3087.
Earlier Tuesday, the U.S. Bureau of Labor Statistics said that the productivity of U.S. workers fell unexpectedly in the second quarter, falling 0.9%, after declining a revised 3.9% in the first quarter.
Economists had expected productivity to rise by 0.10% in the second quarter.
The greenback was up against the pound, with GBP/USD plunging 0.96% to hit 1.5739.
Earlier in the day, official data showed that U.K. house prices fell unexpectedly in July.
The greenback was also up against the Swiss franc, with USD/CHF gaining 0.96% to hit 1.0591.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD advancing 1.13% to hit 1.0387, AUD/USD plummeting 1.04% to hit 0.9072 and NZD/USD tumbling 1.21% to hit 0.7200.
But the greenback was down against the yen with USD/JPY shedding 0.09% to hit 85.86.
Earlier in the day, the Bank of Japan announced that it had kept its benchmark interest rate unchanged at 0.1%, in a widely expected move.
The banks policy board did not refer to the yen in the rate statement but said the bank was monitoring the effects of “developments in fiscal and financial conditions” in Europe and elsewhere on the global economy and financial markets.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.97%.
Later in the day, Federal Reserve policy makers were to meet ahead of the banks interest rate announcement.
During European afternoon trade, the greenback was up against the euro, with EUR/USD tumbling 1.02% to hit 1.3087.
Earlier Tuesday, the U.S. Bureau of Labor Statistics said that the productivity of U.S. workers fell unexpectedly in the second quarter, falling 0.9%, after declining a revised 3.9% in the first quarter.
Economists had expected productivity to rise by 0.10% in the second quarter.
The greenback was up against the pound, with GBP/USD plunging 0.96% to hit 1.5739.
Earlier in the day, official data showed that U.K. house prices fell unexpectedly in July.
The greenback was also up against the Swiss franc, with USD/CHF gaining 0.96% to hit 1.0591.
Meanwhile, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD advancing 1.13% to hit 1.0387, AUD/USD plummeting 1.04% to hit 0.9072 and NZD/USD tumbling 1.21% to hit 0.7200.
But the greenback was down against the yen with USD/JPY shedding 0.09% to hit 85.86.
Earlier in the day, the Bank of Japan announced that it had kept its benchmark interest rate unchanged at 0.1%, in a widely expected move.
The banks policy board did not refer to the yen in the rate statement but said the bank was monitoring the effects of “developments in fiscal and financial conditions” in Europe and elsewhere on the global economy and financial markets.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.97%.
Later in the day, Federal Reserve policy makers were to meet ahead of the banks interest rate announcement.