Forex Pros – The U.S. dollar was mixed against its major counterparts on Wednesday, as oil prices retreated further but concerns remained over ongoing unrest in the Middle East.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.20% to hit 1.3876.
But the greenback was lower against the pound, with GBP/USD rising 0.10% to hit 1.6176.
Elsewhere, the greenback was up against the yen but down against the Swiss franc, with USD/JPY climbing 0.23% to hit 82.85 and USD/CHF shedding 0.22% to hit 0.9330.
Earlier in the day, official data showed that Swiss consumer price inflation rose slightly more-than-expected in February. Elsewhere, government data showed that Japanese machinery orders rose by the most in five months in January.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but up against its Australian cousin, with USD/CAD slipping 0.09% to hit 0.9704, NZD/USD easing up 0.12% to hit 0.7401 and AUD/USD dipping 0.04% to hit 1.0093.
Earlier Wednesday, official data showed that Australian home loan approvals tumbled in February while a separate report showed that consumer confidence hit a nine-month low in March.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.07%.
Later in the day, Portugal was expected to hold an auction of government debt, while Germany was to publish official data on industrial production.
ForexPros.com
