Forex Pros – The U.S. dollar was lower against most of its major counterparts on Wednesday, while the euro slipped amid uncertainty over whether Greece would need further financial assistance.
During European morning trade, the greenback was higher against the euro, with EUR/USD slipping 0.09% to hit 1.4395.
But the greenback was lower against the pound, with GBP/USD easing up 0.15% to hit 1.6390.
Earlier Wednesday, official data showed that U.K. trade deficit expanded more-than-expected in March.
Meanwhile, the greenback was lower against the yen and the Swiss franc with USD/JPY slipping 0.15% to hit 80.75 and USD/CHF dipping 0.03% to hit 0.8795.
Elsewhere, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.31% to hit 0.9537, AUD/USD rising 0.28% to hit 1.0867 and NZD/USD easing up 0.03% to hit 0.7953.
Earlier in the day, Reserve Bank of New Zealand Governor Alan Bollard said the said the currency was “undesirably high” against the U.S. dollar.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.10%.
Later Wednesday, the U.S. was to publish official data on its trade balance. In addition, the country was to publish government data on crude oil inventories and the federal budget balance.
ForexPros.com
