Greenback modestly dives versus counterparts

Greenback modestly dives versus counterparts

On Thursday, the evergreen buck was modestly lower versus other key currencies because market participants were still cautious ahead of a bunch of American economic reports due later in the day.

Investors were looking ahead to the publication of American data on housing starts, building permits, unemployment claims as well as manufacturing activity in the Philadelphia area.

The American currency has been recently suppressed by worries that the global economic revival will outpace American surge and help other key financial institutions, including the European Central Bank to get down to unwinding loose monetary policy at a faster tempo.

Estimating the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index tacked on 0.15% hitting 90.51, which is off last session's fresh three-year dip of 89.97.

The common currency and the British pound ascended, with EUR/USD adding 0.25% to 1.2215 and with GBP/USD soaring 0.08% reaching 1.3838.

The Japanese yen was intact, with USD/JPY being worth 111.35. As for USD/CHF, this pair dipped 0.42% hitting 0.9616.


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