Forex Pros – The U.S. dollar was broadly higher against its major counterparts on Monday, as the euro declined after earlier hitting two month highs against the dollar and the yen. During European early afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.4% to hit 1.3564. Earlier in the day, preliminary data showed that the euro zone purchasing manager services index rose more-than-expected in January while the manufacturing PMI unexpectedly fell to a two month low. The greenback was also up against sterling with GBP/USD sliding 0.37% to hit 1.5939. Elsewhere, the greenback was up against the yen but slightly lower against the Swiss franc, with USD/JPY climbing 0.38% to hit 82.88 and USD/CHF dipping 0.02% to hit 0.9581. Meanwhile, the greenback was up against its Canadian counterpart but down against its Australian and New Zealand cousins, with USD/CAD rising 0.2% to hit 0.9951, AUD/USD rising 0.18% to hit 0.9915 and NZD/USD climbing 0.29% to hit 0.7595. Earlier Monday, official data showed that Australian producer prices posted their smallest gain in a year as a stronger currency lowered the cost of imports. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.36%. Also Monday, official data showed that euro zone industrial new orders rose less-than-expected in November.

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