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Forex - Dollar mixed against major rivals as Portugal eyed

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Forex Pros - The U.S. dollar was mixed against its major counterparts on Thursday, as the euro zone remained in focus, following the resignation of Portugal's prime minister ahead of a two-day European Union summit.

During European morning trade, the greenback was slightly lower against the euro, with EUR/USD rising 0.17% to hit 1.4110.

On Wednesday, Portugal's prime minister resigned following parliaments rejection of his government's austerity program, increasing the likelihood that Portugal will now need a financial bailout.

But the greenback was higher against the pound, with GBP/USD shedding 0.44% to hit 1.6166.

Earlier in the day, official data showed that retail sales in the U.K. fell more-than-expected in February.

Meanwhile, the greenback was almost unchanged against the yen, with USD/JPY dipping 0.02% to hit 80.89.

The greenback eased up against the Swiss franc, with USD/CHF rising 0.24% to hit 0.9106.

Elsewhere, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.34% to hit 0.9781, AUD/USD climbing 0.21% to hit 1.0152 and NZD/USD surging 0.79% to hit 0.7463.

Earlier in the day, official data showed that New Zealand's economy expanded more-than-expected in the fourth quarter.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.02%.

Later Thursday, the U.S. was to release government data on initial jobless claims and durable goods orders.

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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.

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