Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Wednesday, as investors monitored ongoing violence in Libya and as markets awaited the release of the minutes of the most recent Bank of England policy meeting.
During European morning trade, the greenback was down against the euro, with EUR/USD rising 0.46% to hit a two-week high of 1.3713, after European Central Bank policymakers indicated the central bank could raise rates to curb inflation. Â
The greenback was also down against the pound, with GBP/USD adding 0.49% to hit a two-day high of 1.6214.
Later in the day, the Bank of England was to release the minutes from its February 10 policy meeting, when it kept its benchmark interest rate unchanged at 0.5%.
Elsewhere, the greenback was down against the yen and the Swiss franc, with USD/JPY dipping 0.03% to hit 82.76 and USD/CHF sliding 0.21% to hit 0.9371.
Meanwhile, the greenback declined against its Australian and Canadian counterparts, with AUD/USD adding 0.41% to hit 1.0030 and USD/CAD shedding 0.17% to hit 0.9890.
However, the greenback was up against its New Zealand counterpart, with NZD/USD slumping 0.04% to hit 0.7461Â
Earlier in the day, Moody’s Investors Service said it saw no immediate impact from the Christchurch earthquake on the nation’s Aaa credit rating.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.37%.
Later in the day, the euro zone was to publish official data on industrial new orders, while ECB President Jean-Claude Trichet was to speak at a public engagement.
Meanwhile, the U.S. was to publish industry data on existing home sales.
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