Dollar remains broadly higher vs. rivals in risk-off trade
The U.S. dollar remained broadly higher against the other major currencies on Monday
Investors continued to worry whether European leaders are about to agree on a financial aid deal for Greece.
During U.S. morning trade, the dollar was steady against the euro, with EUR/USD dipping 0.06% to 1.2966.
Investors remained cautious ahead of a meeting of euro zone finance ministers later in the day to discuss whether to release Greece’s next tranche of aid.
German Chancellor Angela Merkel said she believes a deal can be reached at Monday’s talks, while the French finance minister said over the weekend that an agreement is close.
Sentiment on the euro also remained vulnerable after separatist parties in Spain’s Catalonia region won the majority of the public vote in elections held over the weekend.
The win underlined fears about a potential negative impact on the euro zone’s fourth largest economy, as Catalonia accounts for nearly 20% of economic activity and provides the most tax revenue to the central government.
Earlier Monday, research group Gfk said that its index of Germany’s consumer climate fell to 5.9 in November from a reading of 6.1 the previous month, whose figure was revised down from 6.3.
Analysts had expected Gfk consumer climate to fall to 6.2 this month.
The greenback was also steady against the pound, with GBP/USD easing 0.02% to 1.6028.
Elsewhere, the greenback was lower against the yen, with USD/JPY dropping 0.32% to trade at 82.12, but inched higher against the Swiss franc, with USD/CHF adding 0.06% to 0.9286.
Earlier in the day, the minutes of the Bank of Japan’s October policy meeting showed that the central bank is intent on continuing with easing measures until the inflation target of 1% is at least in sight.
The BoJ also said the Japanese economy continued to face a high degree of uncertainty as a result of the ongoing debt crisis in the euro zone.
In Switzerland, official data showed that the number of employed people rose to 4.12 million in the third quarter from 4.07 million in the previous quarter, beating expectations for a rise to 4.09 million.
The greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD rising 0.21% to 0.9949, AUD/USD slipping 0.05% to 1.0454 and NZD/USD falling 0.16% to 0.8223.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.03% to 80.25.
Contributed by Forex Pros
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