Forex - Dollar almost unchanged in holiday thinned trade
Investing.com
Published Jul 04, 2011 10:48AM ET
During European late afternoon trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.03% to hit 1.4518.
The single currency remained supported by expectations that the European Central Bank will raise interest rates again at its monthly policy meeting on Thursday.
But the greenback was slightly lower against the pound, with GBP/USD inching up 0.01% to hit 1.6071.
Earlier in the day, a report showed that construction sector activity in the U.K. declined in line with expectations in June.
Elsewhere, the greenback was down against the yen but up against the Swiss franc, with USD/JPY easing down 0.03% to hit 80.80 and USD/CHF inching up 0.05% to hit 0.8487.
Official data released earlier showed that Swiss retail sales declined sharply in May.
Meanwhile, the greenback was up against its Canadian and Australian counterparts but lower against its New Zealand cousin, with USD/CAD gaining 0.26% to hit 0.9610, AUD/USD shedding 0.43% to hit 1.0722 and NZD/USD climbing 0.17% to hit 0.8285.
In Canada, data released earlier showed that the Canadian raw materials price index fell significantly more-than-expected in May, as oil and metal prices eased.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.04%.
Meanwhile, markets in the U.S. were closed for Independence Day.
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Written By: Investing.com
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