Forex Pros – The U.S. dollar higher against all of its major counterparts on Monday, as risk appetite crumbled amid uncertainty ahead of a key Greek parliamentary vote to secure the second tranche of an international bailout.
During European morning trade, the greenback was up against the euro, with EUR/USD slipping 0.17% to hit 1.4164.
Greek Prime Minister George Papandreou will need to get parliamentary approval for a EUR28.4 billion austerity package on Wednesday, in order to avert a sovereign debt default by securing a EUR12 billion bailout from the European Union and the International Monetary Fund.
The greenback was also higher against the pound, with GBP/USD sliding 0.09% to hit 1.5343.
Meanwhile, the greenback was higher against the yen and the Swiss franc, with USD/JPY rising 0.43% to hit 80.78 and USD/CHF climbing 0.42% to hit 0.8369.
In addition, the greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD easing up 0.05% to hit 0.9886, AUD/USD shedding 0.49% to hit 1.0439 and NZD/USD tumbling 1.22% to hit 0.8031.
Earlier in the day, official data showed that New Zealand’s trade surplus contracted more-than-expected in May, due to a sharp drop in dairy export volumes and a spike in oil and aircraft part imports.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.28%.
Later Monday, the U.S. was to publish official data on personal earnings and expenditure as well as data on the consumer price index.
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