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Forex - Dollar mixed vs. rivals as commodities under pressure

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Forex Pros - The U.S. dollar was mixed against its major counterparts on Wednesday, as falling commodity prices and concerns about signs of economic slowdown in China dented risk appetite.

During European morning trade, the greenback was lower against the euro, with EUR/USD gaining 0.27% to hit 1.4864.

But the greenback was higher against the pound, with GBP/USD slipping 0.10% to hit 1.6467.

Earlier in the day, data showed that construction activity in the U.K. declined significantly more-than-expected in April.

Elsewhere, the greenback was fractionally higher against the yen and the Swiss franc with USD/JPY easing up 0.05% to hit 80.98 and USD/CHF edging up 0.01% to hit 0.8612.

Elsewhere, the greenback was higher against its Canadian and New Zealand counterparts but lower against its Australian cousin, with USD/CAD gaining 0.07% to hit 0.9532, NZD/USD shedding 0.63% to hit 0.7934 and AUD/USD easing up 0.08% to hit 1.0851.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.14%.

Later in the day, the U.S. was to publish data on ADP non-farm payrolls while the U.S. Institute for Supply Management was to publish its non-manufacturing PMI.

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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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