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Dollar Mixed Vs. Rivals As Mideast Tensions Escalate
Written by article default Monday, 21 February 2011 14:39
The U.S. dollar was mixed against its major counterparts on Monday, as tensions in the Middle East and North Africa continued, while trade remained quiet ahead of a U.S. public holiday.During European morning trade, the greenback was almost unchanged against the euro, with EUR/USD dipping 0.01% to hit 1.3691.
Earlier in the day, German research institute, Ifo said its Business Climate Index rose more-than-expected in February. Separate reports showed that the euro zone’s manufacturing and services sectors expanded more-than-expected in February.
The greenback was up against the pound, with GBP/USD shedding 0.16% to hit 1.6224.
Earlier Monday, industry data showed that house prices in the U.K. climbed for a second month in February.
Elsewhere, the greenback was down against the yen but up against the Swiss franc, with USD/JPY dipping 0.05% to hit 83.14 and USD/CHF rising 0.23% to hit 0.9468.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but was higher against its Australian cousin, with USD/CAD slipping 0.17% to hit 0.985, NZD/USD climbing 0.31% to hit 0.764 and AUD/USD shedding 0.25% to hit 1.0019.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.03%.
On Monday, markets in the U.S. were to remain closed for the President’s Day holiday.