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Dollar went up during the European morning trade due to U.S. budget talks

ForexZig.com November 30, 2012
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US dollar

The American dollar went up against the other major currencies today, as nervous sentiment appeared on the market after discussions over the U.S. fiscal cliff.

During European morning trade, the dollar was traded against the euro at 1.2996.

Official data pointed out that consumer price inflation in the euro zone fell below the expectations from November, going down to the rate of 2.2%, compared to 2.5% during the previous month.

The consumer price inflation is supposed to fall down to 2.4% in November.

Meanwhile the unemployment rate in the euro zone went up with 11.7% in October compared to 11.6% from the previous month.

The U.S. dollar was above the pound, with GBPUSD trading at 1.56024.

Besides, the greenback made a rally in trading with the yen, USDJPY reaching the level 82.77, and was stable against the Swiss franc, with USDCHF at 0.9268.

The American dollar was above its Canadian, Australian and New Zealand rivals, with USDCAD trading at 0.9932, AUDUSD going down to 1.0417 and NZDUSD reaching 0.8209.

The dollar index that follows the movement of the greenback together with other six other major currencies, was up with 0.01% to 80.20.

Today America was expected to show government data on personal income, personal spending and core consumer inflation, in addition to official data on manufacturing activity in Chicago.

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