Shutterstock photo
Markets

Forex - Dollar broadly lower vs. rivals in holiday-thinned trade

Shutterstock photo

Shutterstock photo

Forex Pros - The U.S. dollar was broadly lower against its major counterparts in thin trade on Monday, as the euro inched higher with many centers in Europe closed for the Whit Monday holiday.

During European afternoon trade, the greenback slipped against the euro, with EUR/USD rising 0.20% to hit 1.4376.

The greenback was also down against the pound, with GBP/USD climbing 0.51% to hit 1.6310.

In addition, the greenback was lower against the yen and the Swiss franc, with USD/JPY dipping 0.05% to hit 80.28 and USD/CHF dropping 0.83% to hit 0.8360.

Earlier Monday, Japanese government data showed an unexpected drop in core machinery orders in April, in a sign the March earthquake and tsunami affected companies' ability to spend on equipment and facilities.

Elsewhere, the greenback was down against its Canadian and Australian counterparts, but up against its New Zealand cousin, with USD/CAD shedding 0.23% to hit 0.9774, AUD/USD rising 0.31% to hit 1.0570 and NZD/USD tumbling 1.15% to hit 0.8120.

New Zealand's dollar fell broadly after a series of severe aftershocks hit the south island city of Christchurch, four months after a devastating earthquake in the city killed 180 people.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.25%.

Later in the day, European Central Bank President Jean-Claude Trichet was to speak at an event in London.

Forex News

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos