Forexpros – The U.S. dollar trimmed broad losses against its major counterparts on Wednesday, as talks aimed at raising the U.S.’s USD14.3 trillion debt ceiling remained at a standstill, ahead of the August 2 deadline.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.47% to hit 1.4441.
The euro weakened as Spanish and Italian borrowing costs rose after disappointing debt auctions on Tuesday led to renewed concerns over the sovereign debt crisis in the single-currency bloc.
The greenback was also higher against the pound, with GBP/USD slipping 0.28% to hit 1.6356.
The pound erased early gains after a report showed that U.K. industrial order expectations fell more-than-expected in July.
Elsewhere, the greenback was slightly lower against the yen but pulled back from a record low against the Swiss franc, with USD/JPY dipping 0.04% to hit 77.83 and USD/CHF inching up 0.06% to hit 0.8018.
A report earlier showed that Switzerland’s KOF economic barometer fell to the lowest level since July 2010 in July, adding to fears that the franc’s sharp gains may hurt the country’s economic growth.
Meanwhile, the greenback was weaker against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.19% to hit 0.9434, AUD/USD climbing 0.76% to hit 1.1039 and NZD/USD climbing 0.35% to hit 0.8736.
The Australian dollar rallied after stronger-than-expected inflation data bolstered expectations for a rate hike by the Reserve Bank of Australia, while improved business confidence data added to expectations for monetary tightening by New Zealand’s central bank.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.28%.
Later in the day, the U.S. was to publish official data on durable goods orders, while the U.S. Federal Reserve was to publish its Beige Book.
During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.47% to hit 1.4441.
The euro weakened as Spanish and Italian borrowing costs rose after disappointing debt auctions on Tuesday led to renewed concerns over the sovereign debt crisis in the single-currency bloc.
The greenback was also higher against the pound, with GBP/USD slipping 0.28% to hit 1.6356.
The pound erased early gains after a report showed that U.K. industrial order expectations fell more-than-expected in July.
Elsewhere, the greenback was slightly lower against the yen but pulled back from a record low against the Swiss franc, with USD/JPY dipping 0.04% to hit 77.83 and USD/CHF inching up 0.06% to hit 0.8018.
A report earlier showed that Switzerland’s KOF economic barometer fell to the lowest level since July 2010 in July, adding to fears that the franc’s sharp gains may hurt the country’s economic growth.
Meanwhile, the greenback was weaker against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.19% to hit 0.9434, AUD/USD climbing 0.76% to hit 1.1039 and NZD/USD climbing 0.35% to hit 0.8736.
The Australian dollar rallied after stronger-than-expected inflation data bolstered expectations for a rate hike by the Reserve Bank of Australia, while improved business confidence data added to expectations for monetary tightening by New Zealand’s central bank.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.28%.
Later in the day, the U.S. was to publish official data on durable goods orders, while the U.S. Federal Reserve was to publish its Beige Book.
No comments:
Post a Comment