Investing.com – The U.S. dollar regained some ground against its major counterparts on Monday, as risk appetite waned while the euro eased off a five-month high amid speculation that expectations for a euro zone rate increase were already priced in.
During U.S. morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.02% to hit 1.4231.
Earlier Monday, official data showed that producer price inflation in the euro zone posted its sharpest annual gain for nearly two-and-a-half years in February, boosted by higher energy costs.
But the greenback was lower against the pound, with GBP/USD climbing 0.18% to hit 1.6139.
Earlier in the day, data showed that activity in the U.K. construction sector rose more-than-expected last month.
Elsewhere, the greenback turned lower against the yen and the Swiss franc with USD/JPY slipping 0.19% to hit 83.88 and USD/CHF shedding 0.42% to hit 0.9198.
Meanwhile, the greenback was broadly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.43% to hit 0.9672, AUD/USD shedding 0.34% to hit 1.0350 and NZD/USD dipping 0.05% to hit 0.7671.
Earlier Monday, data showed that inflation in Australia accelerated through March, while a separate report showed that the number of jobs advertized online and in newspapers rose for the 11th straight month in March.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was unchanged on the day.
Later in the day, the Chairman of the U.S. Federal Reserve, Ben Bernanke was to speak.
During U.S. morning trade, the greenback was slightly higher against the euro, with EUR/USD dipping 0.02% to hit 1.4231.
Earlier Monday, official data showed that producer price inflation in the euro zone posted its sharpest annual gain for nearly two-and-a-half years in February, boosted by higher energy costs.
But the greenback was lower against the pound, with GBP/USD climbing 0.18% to hit 1.6139.
Earlier in the day, data showed that activity in the U.K. construction sector rose more-than-expected last month.
Elsewhere, the greenback turned lower against the yen and the Swiss franc with USD/JPY slipping 0.19% to hit 83.88 and USD/CHF shedding 0.42% to hit 0.9198.
Meanwhile, the greenback was broadly higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.43% to hit 0.9672, AUD/USD shedding 0.34% to hit 1.0350 and NZD/USD dipping 0.05% to hit 0.7671.
Earlier Monday, data showed that inflation in Australia accelerated through March, while a separate report showed that the number of jobs advertized online and in newspapers rose for the 11th straight month in March.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was unchanged on the day.
Later in the day, the Chairman of the U.S. Federal Reserve, Ben Bernanke was to speak.