Investing.com - The U.S. dollar was mixed against its major
rivals during Wednesday's Asian following important exchange rate
comments from the G7 nations on Tuesday.
In Asian trading Wednesday, EUR/USD fell 0.03% to 1.3451after the
G7 nations said they want to allow markets to determine exchange
rates and that monetary policy must not be used to weaken
Spain's Treasury sold EUR3.02 billion worth of 12-month government
bonds at an average yield of 1.548% earlier in the day, up from
1.472% at a similar auction last month. That indicates borrowing
costs in the euro zone's fourth-largest economy are rising.
USD/JPY fell 0.18% to 93.31 after a reading of Japan's December
Tertiary Index rose 1.4%, well above the consensus estimate calling
for an increase of 0.8%. The November reading showed a decline of
0.4%. The survey highlights monthly changes in output by Japanese
In a separate report, Japan's corporate goods price index for
January showed reading of -0.2%, topping the consensus estimate of
-0.3%. That is also well above the December reading of -0.7%. The
Bank of Japan meets on Thursday.
Elsewhere, GBP/USD rose 0.05% to 1.5671 while USD/CHF added 0.02%
to 0.9175. USD/CAD fell 0.02% to 1.0022 after energy firm Nexen
said it expects a deal by China's Cnooc to acquire the Canadian
firm will be finalized by the end of this month.
AUD/USD rebounded from its lowest levels since October as the pair
climbed 0.33% to 1.0343 after the Westpac consumer sentiment survey
for February released earlier today showed an increase for the
second consecutive month.
NZD/USD added 0.08% to 0.8414 following a press report that said
even if the Reserve Bank of New Zealand lowers interest rates, the
Kiwi may still rise. The U.S. Dollar Index fell 0.01% to 80.09.
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