Dollar lower against its counterparts

U.S. dollar

The American dollar was much lower against the other major currencies today, after the globally positive economic data from the Eurozone came out. However, tensions over the American fiscal policy continued to be topical.

During European later morning trade, the greenback was lower against the euro, with EURUSD trading at 1.2753.

The concerns that the U.S. economy will fall back into a recession continue, unless a divided Congress and the White House make a negotiation until then.

Besides, the dollar was broadly higher against the yen, with USDJPY heading at 81.14, but went lower against the Swiss franc, USDCHF going down to 0.9440.

The U.S. dollar was about to go lower against its Canadian, Australian and New Zealand rivals, with USDCAD decreasing to 1.0014, AUDUSD reaching 1.0335 and NZDUSD trading at 0.8115.

Later this day, America is about to show reports on initial jobless claims, consumer price inflation, crude oil stockpiles, together with data on manufacturing activity in New York and Philadelphia.

In between, a speech by Federal Reserve Chairman Ben Bernanke is being watched closely for any indications on the future probable direction of monetary policy.

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