IV:Dollar mixed vs. rivals amid euro zone concerns
Investing.com - The U.S. dollar was mixed against the other major currencies in light trade on Friday, as markets were jittery amid sustained concerns over the financial situation in the euro zone and a possible bailout for Cyprus.
During European morning trade, the dollar was steady against the euro, with EUR/USD dipping 0.03% to 1.2894.
The euro remained under pressure after the Ifo Institute for Economic Research said Garmany's business climate index declined to 106.7 from a reading of 107.4, disappointing expectations for a rise to 107.6.
Separately, Cyprus's parliament was set to vote later Friday on a new solution on an international bailout deal, after it rejected a controversial bank deposit tax in a vote on Tuesday.
On Thursday, the European Union threatened to withdraw its bailout offer for Cyprus if no deal is finalized by Monday.
European officials said that Cyprus must raise the EUR5.8 billion necessary for it to secure a EUR10 billion bailout by Monday, or face a collapse of its financial system.
The greenback was lower against the pound, with GBP/USD adding 0.13% to 1.5193.
Elsewhere, the greenback was lower against the yen, with USD/JPY shedding 0.28% to trade at 94.63, and steady against the Swiss franc, with USD/CHF inching up 0.04% to 0.9467.
The greenback was mixed against its Canadian, Australian and New Zealand counterparts, with USD/CAD easing 0.03% to 1.0245, AUD/USD slipping 0.14% to 1.0426 and NZD/USD edging up 0.08% to 0.8323.
In Australia, the Conference Board said its leading index rose 0.2% in January, after a 0.1% fall the previous month.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.30% to 82.76.