Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Tuesday, as concerns over possible euro zone sovereign debt restructuring eased, and risk sentiment strengthened.
During European morning trade, the greenback was unchanged against the euro, with EUR/USD trading at 1.4154.
On Monday, European Union Finance ministers endorsed a EUR78 billion bailout for Portugal and stepped up pressure on Greece to do more to win improved aid terms.
The greenback was lower against the pound, with GBP/USD surging 0.62% to hit 1.6291.
Earlier in the day, official data showed that U.K. consumer price inflation rose more-than-expected in April.
Meanwhile, the greenback was higher against the yen and the Swiss franc with USD/JPY jumping 0.98% to hit 87.51 and USD/CHF gaining 0.35% to hit 0.8874.
Elsewhere, the greenback was lower against its Canadian and Australian counterparts but slightly higher against its New Zealand cousin, with USD/CAD sliding 0.08% to hit 0.9746, AUD/USD rising 0.21% to hit 1.0577 and NZD/USD dipping 0.04% to hit 0.7791.
In the minutes of its May 3 policy meeting published earlier the Reserve Bank of Australia said that higher interest rates may be required to contain the jump in consumer prices.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.20%.
Later in the day, the U.S. was to publish official data on building permits and housing starts. The country was also to publish government data on the capacity utilization rate and industrial production.
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