Forex Pros – The U.S. dollar was down against most of its major counterparts on Wednesday, ahead of the release of U.S. data on private sector employment, while the euro fluctuated amid uncertainty over Greek sovereign debt.
During European afternoon trade, the greenback was lower against the euro, with EUR/USD easing up 0.11% to hit 1.4414.
The single currency weakened following German media reports that the International Monetary Fund will not pay its share of aid to Greece at the end of June.
But the greenback was higher against the pound, with GBP/USD slipping 0.14% to hit 1.6424.
Earlier in the day, official data showed that manufacturing activity in the U.K. grew at its slowest rate in 20 months in May.
Meanwhile, the greenback was down against the yen and the Swiss franc with USD/JPY shedding 0.28% to hit 81.28 and USD/CHF tumbling 0.99% to hit 0.8454.
Official data released earlier showed that Swiss retail sales surged in April, while Swiss manufacturing activity rose unexpectedly last month.
In addition, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD slipping 0.11% to hit 0.9672, AUD/USD climbing 0.70% to hit 1.0746 and NZD/USD easing up 0.07% to hit 0.8243.
The Aussie was boosted after government data showed that the nation’s economic growth contracted less-than-expected in the first quarter.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.16%.
Later Wednesday, U.S. payroll processing firm ADP was to publish its report on non-farm payrolls. Elsewhere, the U.S. Institute of Supply Management was to publish data on manufacturing activity.
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