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Forex - Dollar mixed vs. rivals as euro weakens broadly

Published 04/14/2011, 07:45 AM
Updated 04/14/2011, 07:45 AM
Investing.com – The U.S. dollar was mixed against its major counterparts on Thursday, ahead of the release of U.S. data on employment and inflation, while the euro weakened broadly amid fresh concerns over the sovereign debt crisis in the euro zone.

During European afternoon trade, the greenback was up against the euro, with EUR/USD shedding 0.36% to hit 1.4390.

Earlier in the day, the cost of insuring Greek government debt against default surged to a euro era-lifetime high after German Finance Minister Wolfgang Schaeuble said Greece may have to restructure its debt, following an audit in June.

But the greenback was lower against the pound, with GBP/USD rising 0.32% to hit 1.6321.

Earlier in the day, Nationwide Building Society said its U.K. consumer confidence index rebounded in March.

Elsewhere, the greenback was down against the yen and the Swiss franc with USD/JPY tumbling 0.96% to hit 83.01 and USD/CHF shedding 0.31% to hit 0.8935.

Earlier Thursday, the ZEW Center for European Economic Research said Swiss investor confidence rebounded to the highest in eight months in April.

Meanwhile, the greenback was higher against its Canadian, Australian and New Zealand cousins, with USD/CAD rising 0.35% to hit 0.9656, AUD/USD slipping 0.16% to hit 1.0490 and NZD/USD dipping 0.03% to hit 0.7889.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.11%.

Later in the day, the U.S. was to publish government data on initial jobless claims and producer price inflation.

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