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Forex - Dollar mixed versus major rivals in calm trade

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Forex Pros - The U.S. dollar was mixed against its major rivals on Monday, as improved market sentiment bolstered demand for riskier assets while the euro remained supported by the outlook for a near-term rate hike by the European Central Bank.

During early U.S. trade, the greenback was up against the yen, with USD/JPY climbing 0.67% to hit 81.11.

Earlier in the day, Japanese authorities said they were making progress in cooling damaged reactors at the stricken Fukushima Daiichi nuclear power plant, 155 miles north of Tokyo.

The greenback was almost unchanged against the euro, with EUR/USD dipping 0.02% to hit 1.4180. Meanwhile, the greenback was down against the pound, with GBP/USD rising 0.23% to hit 1.6269.

Elsewhere, the greenback was higher against the Swiss franc, with USD/CHF rising 0.45% to hit 0.9052.

Coalition forces, including the U.S., the U.K. and France, launched a second wave of air strikes on Libya earlier, in an attempt to remove loyalist support for leader Moammar Gadhafi and protect Libyan civilians from government forces.

But the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.69% to hit 0.9776, AUD/USD surging 0.75% to hit 1.0034 and NZD/USD climbing 0.24% to hit 0.7328.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was fractionally higher, up 0.01%.

Also Monday, industry data showed that sales of previously owned homes in the U.S. declined in February, following three consecutive months of gains.

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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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