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Forex - Dollar mixed versus most rivals as Fed minutes eyed

Published 04/06/2010, 06:04 AM
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Investing.com – The U.S. dollar was mixed against other major currencies on Tuesday, as traders awaited the release of minutes from a key Federal Reserve meeting and amid fresh fears over euro zone sovereign debt.

The greenback was up against the euro, with EUR/USD shedding 0.56% to hit 1.3408 after the Financial Times reported that Greece would launch a multibillion dollar bond in the U.S. as it seeks new investors, selling itself for the first time as an emerging market country as demand for its debt dwindles in Europe.

Meanwhile, the dollar rose versus sterling, with GBP/USD slumping 0.97% to hit 1.5148. The pound's decline followed a report which showed that Britons added more than GBP 4 billion of equity into their homes in the fourth quarter of the year.

The dollar was also up against the kiwi and the Swissy, with NZD/USD falling 0.49% to reach 0.6998 and USD/CHF gaining 0.56% to hit 1.0681.

But the greenback slipped versus the yen and its Australian and Canadian counterparts: USD/JPY shed 0.49% to hit 93.91, AUD/USD advanced 0.46% to reach 0.9256 and USD/CAD fell 0.19% to hit 1.005.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.39%.

Later in the day, the U.S. Federal Reserve was due to publish the minutes of its Federal Open Market Committee's latest meeting, providing insights into the economic conditions that influenced its decision on where to set interest rates.

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