U.S. Dollar Advances Following Consumer Sentiment Index
October 17 2014 - 10:26AM
RTTF2
The U.S. dollar moved up against its major rivals in New York
deals on Friday, as the U.S. consumer sentiment index rose
more-than-expected in October.
A preliminary survey by the Reuters/University of Michigan
showed that consumer sentiment in the U.S. rose to 86.4 from last
month's reading of 84.6. Economists were estimating the index to
come in at 84.00.
The greenback climbed to 1.6059 against the pound, off early
4-day low of 1.6125.
The greenback that fell to 1.2836 against the euro and 0.9405
against the franc earlier, bounced off to 1.2753 and 0.9466,
respectively.
Extending early rally, the greenback firmed to a 2-day high of
106.73 versus the yen.
The next possible resistance for the greenback may be found
around 0.96 against the franc, 110.00 against the yen, 1.27 against
the euro and 1.59 against the pound.
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