SMR: Dollar broadly lower vs. rivals in quiet trade
Forex Pros – The U.S. dollar was broadly lower against its major counterparts on Monday, in quiet market conditions in the run-up to the Christmas break.
During European early afternoon trade, the greenback was down against the euro, with EUR/USD climbing 0.37% to hit 1.3275.
But the greenback was up against the pound with GBP/USD shedding 0.42% to hit 1.5734. Earlier in the day, a report by U.K. property website Rightmove showed house prices fell for the second consecutive month in December.
Elsewhere, the greenback was slightly higher against the yen but down against the Swiss franc, with USD/JPY easing up 0.08% to hit 84.01 and USD/CHF shedding 0.32% to hit 0.9781.
Earlier Monday, official data showed that Swiss producer price inflation fell unexpectedly in November.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD sliding 0.22% to hit 1.0074, AUD/USD rising 0.57% to hit 0.9909 and NZD/USD climbing 0.57% to hit 0.7524.
Earlier Monday, official data showed New Zealand’s food prices fell 0.6% in November after gaining 2.2% in the previous month.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.19%.
On Friday, official data showed that the U.S. trade deficit narrowed more-than-expected in October, as exports rose to a two-year high, while consumer sentiment rose to the highest level in six months in December.
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