U.S. Dollar Advances Following Consumer Sentiment Index
10:26, 17th October 2014
(RTTNews) - 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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