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Dollar mixed against major currencies
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08:18, September 29, 2009

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The dollar was mixed against major currencies on Monday as investors remained cautious ahead of new economic data.

No U.S. economic data was released on Monday. There are many key reports due later this week, including house prices index, consumer confidence, personal income and spending, construction spending, non-farm employment and the third estimate of the second quarter gross domestic product.

Recent economic reports and the stance of U.S. Federal Reserve signaled that the economic recovery could be slow, with potential risks. However, investors still believe that overall economic condition is getting better. If new data to be released this week provide new evidence for recovery, the dollar may fall further amid lower safety-haven demand.

The euro bought 1.4591 dollars in late New York trading compared with 1.4665 dollars it bought late Friday. The pound fell to 1.5869 dollars from 1.5938 dollars.

The dollar fell to 1.0874 Canadian dollars from 1.0922 Canadian dollars, and rose to 1.0341 Swiss francs from 1.0299 Swiss francs. It fell slightly to 89.73 Japanese yen from 89.90 Japanese yen.

Source:Xinhua



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