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IV:Dollar mixed vs. rivals as markets eye U.S. data
 
Investing.com - The U.S. dollar was mixed against the other major currencies on Friday, as markets were jittery ahead of the release of U.S. jobs data later in the day, amid ongoing uncertainty over the future of the Federal Reserve's stimulus program.

During European morning trade, the dollar was fractionally lower against the euro, with EUR/USD edging up 0.07% to 1.3217.

Official data showed that the number of unemployed people in Spain fell for the fifth consecutive month in July, declining by 64,900 after a 127,200 fall the previous month.

Analysts had expected the number of unemployed people to fall by 80,000 last month.

The euro weakened on Thursday, after European Central Bank President Draghi said that the central bank’s monetary policy will remain accommodative ā€œfor an extended period of timeā€.

The greenback was lower against the pound, with GBP/USD adding 0.27% to 1.5159.

Markit research group said the U.K. construction purchasing managers' index rose to 57.0 in July, from a reading of 51.0 the previous month, blowing past expectations for a rise to 51.5 and expanding at the fastest pace since July 2010.

A separate report showed that house price inflation in the U.K. rose 0.8% last month, more than the expected 0.4% gain, after an increase of 0.3% in June.

Elsewhere, the greenback was higher against the yen, with USD/JPY edging 0.12% higher to trade at 99.64, and steady against the Swiss franc, with USD/CHF easing up 0.01% to 0.9367.

In Switzerland, data showed that the SVME PMI rose to 57.4 in July, from a reading of 51.9 the previous month, the highest level since June 2011.
Analysts had expected the index to rise to 52.5 last month.

The greenback was higher against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.36% to 1.0383, AUD/USD retreating 0.49% to 0.8882 and NZD/USD declining 0.40% to 0.7862.

The Australian Bureau of Statistics earlier said that producer price inflation rose 0.1% in the second quarter, less than the expected 0.5% increase, after a 0.3% gain in the previous quarter.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.02% to 82.42.

Investors were eyeing data on U.S. nonfarm payrolls due later in the day for indications of how the recovery in the U.S. labor market is progressing, after a report on Thursday showed that the number of people who filed for unemployment assistance in the U.S. fell to the lowest level since January 2008 last week.

The data came as the Federal Reserve gave no indication this week on when it could begin to taper its USD85 billion a month bond-buying program.
Source