Forex Pros – The U.S. dollar was mixed against its major counterparts on Monday, while the euro edged higher despite ongoing uncertainty over possible euro zone sovereign debt restructuring.
During European morning trade, the greenback was lower against the euro, with EUR/USD easing up 0.18% to hit 1.4144.
Euro zone finance ministers were to meet later in the day to discuss further support for Greece which is struggling to meet the terms of a EUR110 billion European Union/IMF bailout last year.
The greenback was also lower against the pound, with GBP/USD rising 0.14% to hit 1.6220.
Earlier in the day, a report by U.K. property website Rightmove showed that U.K. house prices rose to an almost three-year high in May.
Meanwhile, the greenback edged higher against the yen but slipped against the Swiss franc with USD/JPY inching up 0.06% to hit 80.83 and USD/CHF shedding 0.48% to hit 0.8886.
Elsewhere, the greenback was higher against its Canadian and New Zealand counterparts but slightly lower against its Australian cousin, with USD/CAD climbing 0.28% to hit 0.9710, NZD/USD sliding 0.33% to hit 0.7846 and AUD/USD easing up 0.07% to hit 1.0580.
Earlier Monday, a government report showed that Australian home-loan approvals unexpectedly dropped to a 10-year low in March as higher interest rates deterred homebuyers.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.12%.
Later in the day, the U.S. was to publish official data on manufacturing activity in New York state, while Federal Reserve Chairman Ben Bernanke was to speak.
ForexPros.com
