Investing.com - The dollar traded mixed to higher against most major currencies on Monday, supported by expectations for an upbeat Federal Reserve policy statement due out this week, though spotty U.S. data watered down the greenback's gains.
In U.S. trading on Monday, EUR/USD was down 0.21% at 1.2937.
The Federal Reserve will announce its latest statement on monetary policy this Wednesday, and expectations for the U.S. central bank to cut its monthly bond-buying program to $15 billion from $25 billion gave the dollar support on Monday as did expectations for an upbeat take on the U.S. economy.
Investors were also hoping to see a timetable as to when U.S. interest rates may rise, though a mixed bag of U.S. data trimmed the greenback's gains.
In a report, the Federal Reserve Bank of New York said that its general business conditions index increased to a five-year high of 27.5 this month from 14.7 in August. Analysts had expected the index to rise to 16.0 in September.
A separate report showed that U.S. industrial production fell 0.1% last month, disappointing forecasts for a 0.3% gain. Industrial production for July was revised down to a gain of 0.2% from a previously reported increase of 0.4%.
The dollar was down against the yen, with USD/JPY down 0.16% at 107.17, and up against the Swiss franc, with USD/CHF up 0.23% at 0.9353.
The greenback was up against the pound, with GBP/USD down 0.22% at 1.6233.
The dollar was mixed against its cousins in Canada, Australia and New Zealand, with USD/CAD down 0.38% at 1.1051, AUD/USD down 0.14% at 0.9025 and NZD/USD up 0.26% at 0.8173.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.08% at 84.38.
On Tuesday, the U.S. is to produce data on producer price inflation.