IV:Dollar mostly lower vs. rivals as Fed meeting dominates
Investing.com - The U.S. dollar was mostly lower against the other major currencies on Tuesday, as anticipation ahead of the Federal Reserve's upcoming monetary policy statement continued to dominate market sentiment.
During European morning trade, the dollar was lower against the euro, with EUR/USD adding 0.16% to 1.3285.
The euro found some support after official data showed that the number of unemployed people in Germany fell by 7,000 in June, after a 13,000 decline the previous month. Analysts had expected the number of unemployed people to fall by 4,000 last month.
Germany's unemployment rate remained unchanged at 6.8% in June, in line with expectations.
A separate report showed that German retail sales declined 1.5% in June, disappointing expectations for a 0.4% rise, after an increase of 0.7% the previous month.
The greenback was higher against the pound, with GBP/USD slipping 0.16% to 1.5213.
Elsewhere, the greenback was lower against the yen and the Swiss franc, with USD/JPY falling 0.22% to trade at 97.82, and with USD/CHF shedding 0.28% to 0.9272.
The KOF Economic Research Agency earlier said its economic barometer for Switzerland rose to 1.23 in July from a reading of 1.15 the previous month, compared to expectations for a rise to 1.22.
In Japan, Markit research group said its manufacturing purchasing managers' index fell to 50.7 in July from 52.3 the previous month.
Government data also showed that average cash earnings in Japan rose by an annualized rate of 0.1% in June, confounding expectations for a 0.2% uptick, after a 0.1% fall the previous month.
The greenback was mixed against its Canadian, Australian and New Zealand counterparts, with USD/CAD easing 0.05% to 1.0300, AUD/USD sliding 0.29% to 0.9035 and NZD/USD inching up 0.05% to 0.7991.
Data showed that the ANZ business confidence index rose to 52.8 in July, from a reading of 50.1 the previous month, hitting a 14-year high.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.11% to 81.84.
Later in the day, the U.S. was to produce economic growth data, as well as reports on non-farm employment change and manufacturing activity in Chicago.
