Forexpros – The U.S. dollar was mixed against the other major currencies on Monday, after the European Central Bank dismissed a report in Germany’s Der Spiegel magazine that it may set limits on the yields of euro zone government bonds.
During U.S. morning trade, the dollar was little changed against the euro, with EUR/USD dipping 0.01% to 1.2332.
The euro fell to a session low against the greenback earlier, after the EBC said it was “absolutely misleading” to report on decisions that have not yet been taken.
Der Spiegel reported Sunday that the ECB may set an interest rate threshold on purchases of euro-area sovereign debt at its next policy meeting in September, beyond which the bank’s bond buying program would be activated.
The greenback was fractionally lower against the pound, with GBP/USD edging up 0.07% to 1.5707.
The pound remained supported after a string of upbeat U.K. economic data last week indicated that the economy may not be performing as poorly as had been feared.
Elsewhere, the dollar was lower against the yen and the Swiss franc, with USD/JPY down 0.24% to 79.36 and USD/CHF inching down 0.06% to 0.9732.
The greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD inching up 0.01% to 0.9890, AUD/USD rising 0.34% to 1.0452 and NZD/USD adding 0.20% to trade at 0.8090.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, slipped 0.08% to 82.53.
Trade looked likely to remain subdued on Monday, with no significant economic data releases on the calendar, while volumes were light with many market participants on summer holidays.
Forexpros
