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  • H.S. Borji

    The US dollar index advanced to fresh highs Tuesday, as a surge in consumer confidence reinforced expectations the Federal Reserve will deliver an upbeat assessment of the economic recovery on Wednesday. The US dollar index, a weighted average of the greenback’s performance against a basket of currencies, increased 0.21 percent to 81.20. The index has

  • H.S. Borji

    US consumer confidence surged in July, rising to the highest level in nearly seven years as faster than forecast job creation helped boost consumers’ assessment of the current economic situation. The Conference Board’s gauge of consumer confidence surged from 86.4 to 90.9 in July, far surpassing estimates calling for 85.5. The June reading was revised

  • Forex » EUR/USD Slumps after Temporary Relief
    June 13, 2014, 23:21 GMT

    The euro weakened against its US counterpart Friday, as demand for the greenback improved despite disappointing producer inflation and consumer sentiment data. The EURUSD declined 0.16 percent to 1.3530 following an intraday high of 1.3579. The pair is supported at 1.3818. On the upside, initial resistance is found at 1.3580. The pair is pacing for

  • Forex » US Dollar Paces toward Weekly Gain
    June 13, 2014, 23:17 GMT

    The US dollar advanced against a basket of currencies Friday as escalating conflict in Iraq underpinned demand for the global safe haven. The US dollar index, a broad performance measure of the greenback’s performance against six major currencies, appreciated 0.15 percent to 80.70. The index is on pace for a weekly gain of more than

  • The British pound has witnessed a gradual decline against its US counterpart in recent weeks, but the outlook remains positive as the UK economy continues to accelerate at a strong pace. The GBPUSD traded within a range of 1.6784-16832. The pair consolidated at 1.6795, declining 0.0.7 percent. The trend line shows initial support at 1.6773

  • The US dollar was trading lower Friday after mixed US data reminded investors the country’s economic recovery was far from complete. The US dollar index, a weighted average of the greenback’s performance versus six major peers, declined 0.15 percent to 80.37, trimming its weekly advance to just 0.12 percent. The index was supported earlier in

  • US consumer confidence in May fell from a nine-month high, as concerns about wage growth undermined an otherwise positive outlook. The University of Michigan’s consumer sentiment index declined from 84.1 to 81.8, according to a preliminary estimate. A median estimate of market analysts called for a slight increase to 84.5. Consumers’ appraisal of both the

  • US consumer confidence will be put to the test this week, as reports on retail sales and consumer sentiment are scheduled for release. The Commerce Department on Tuesday will release April retail sales data. Retail revenues increased 0.4 percent in April, following a 1.1 percent rebound the prior month that was the strongest since September

  • Consumer sentiment toward the economy and personal finance rebounded in November, according to Reuters and the University of Michigan. The monthly indicator rose 1.9 percentage points to 75.1, beating estimates. The report comes one day after The Conference Board said US consumer confidence fell to a seven-month low on waning job prospects. The Consumer Confidence

  • US stocks were in a state of flux for most of the New York trade before falling broadly on consumer confidence. Personal consumer confidence in economic activity is weaker in August than it was previously, a report by Reuters and the University of Michigan showed. The Consumer Sentiment Index declined to 80.0 for August, more