Forex Pros – The U.S. dollar was mixed against its major counterparts on Tuesday, as market sentiment was boosted by better-than-expected economic data from the euro zone and the U.K. During European late morning trade, the greenback was down against the euro, with EUR/USD climbing 0.19% to hit 1.3385. Earlier Tuesday, preliminary showed that consumer price inflation in the euro zone was estimated to have accelerated at its fastest pace in two years in December. The greenback was also down against the pound with GBP/USD soaring 0.81% to hit 1.5612. Earlier in the day, data showed that manufacturing activity in the U.K. grew at its fastest pace in 16 years in December. But the greenback was up against the yen and the Swiss franc, with USD/JPY advancing 0.51% to hit 82.15 and USD/CHF jumping 1.24% to hit 0.9453. Meanwhile, the greenback was down against its Canadian counterpart but up against its Australian and New Zealand cousins, with USD/CAD slipping 0.09% to hit 0.9927, AUD/USD tumbling 0.75% to hit 1.009 and NZD/USD shedding 0.69% to hit 0.7678. Earlier Tuesday, official data showed that Australia’s commodity prices climbed 3.2% in December, as increases in iron ore and coal prices were driven by strong Chinese demand and weak Indian export supply. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.16%. Later in the day, the U.S. Federal Reserve was to publish the minutes of its December monetary policy meeting. The country was also to publish official data on factory orders.

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