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Forex - Dollar mixed vs. rivals as Greece hopes support euro

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Forex Pros - The U.S. dollar was mixed against its major counterparts on Tuesday, as the euro edged higher, bolstered by optimism that Greece's parliament would approve a package of austerity measures demanded by international lenders.

During European morning trade, the greenback was slightly lower against the euro, with EUR/USD easing up 0.13% to hit 1.4308.

The single currency found support after French lenders proposed a plan to rollover Greek debt, by reinvesting half of the proceeds from maturing Greek government bonds into new 30-year Greek bonds.

But the greenback was higher against the pound, with GBP/USD shedding 0.14% to hit 1.5967.

Earlier Tuesday, revised data showed that U.K. gross domestic product rose in line with expectations in the first quarter. A separate report showed that the U.K.'s current account deficit expanded more than expected in the first quarter.

The greenback was lower against both the yen and the Swiss franc, with USD/JPY slipping 0.07% to hit 80.81 and USD/CHF sliding 0.16% to hit 0.8338.

In Japan, official data released earlier showed that retail sales fell less-than-expected in May, boosting hopes that the worst of the post-disaster downturn may already be over.

Elsewhere, the greenback was up against its Canadian counterpart but dipped against its Australian and New Zealand cousins, with USD/CAD easing up 0.07% to hit 0.9868, AUD/USD climbing 0.21% to hit 1.0464 and NZD/USD edging up 0.10% to hit 0.8063.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.11%.

Later in the day, the U.S. was to publish industry data on house price inflation, as well as a report on consumer confidence.

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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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