U.S. dollar ticks down amid lower consumer sentiment

Sat, 23 Sep 2023

U.S. dollar ticks down amid lower consumer sentiment

Xinhua
16 Sep 2023, 06:55 GMT+10

NEW YORK, Sept. 15 (Xinhua) -- The U.S. dollar lost in late trading on Friday, as the U.S. consumer sentiment slipped.

The dollar index, which measures the greenback against six major peers, decreased 0.06 percent to 105.3192 in late trading.

The University of Michigan released the preliminary reading of its consumer sentiment index on Friday, which dropped to 67.7 this month from 69.5 in August.

The survey's one-year inflation expectation fell to 3.1 percent, the lowest since March 2021, while the five-year inflation outlook slid to a one-year low of 2.7 percent from 3.0 percent.

The headline General Business Conditions Index of the Federal Reserve Bank of New York's Empire State Manufacturing survey rose to 1.9 in September from -19.0 in August, which came in better than market expectation.

While in the eurozone, an interest rate cut is not on the European Central Bank (ECB)'s agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a reversal of rate hikes could start in the first half of 2024.

In late New York trading, the euro rose to 1.0660 U.S. dollars from 1.0636 dollars in the previous session, and the British pound decreased to 1.2384 U.S. dollars from 1.2402 dollars.

The U.S. dollar bought 147.8570 Japanese yen, higher than 147.4410 Japanese yen of the previous session. The U.S. dollar increased to 0.8972 Swiss francs from 0.8962 Swiss francs, and it increased to 1.3516 Canadian dollars from 1.3509 Canadian dollars. The U.S. dollar decreased to 11.1821 Swedish krona from 11.2022 Swedish krona.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Greek Herald.

More Information

22 ℃

Fair in Elefsis

International Business

Section

Dubai real estate market on fire, billions of dollars in transactions each week

DUBAI, UAE - The bustling real estate market in Dubai has surged to unprecedented heights, reporting transactions valued at over ...

Alibaba head, President Erdogan debate $2 billion funding in Turkey

ANKARA, Turkey: During a meeting, Michael Evans, President of the Alibaba Group, told Turkish President Tayyip Erdogan that the Chinese ...

UK approves $621 million to Tata Steel's Welsh site

LONDON, UK: In a deal aimed at securing the future of the British steel industry, the United Kingdom (UK) government ...

EU threatens Mercedes with ban of cars over rigging pollution testing

BERLIN, Germany: Mercedes-Benz has been warned that Germany could issue a recall for some autos found to have pollution-defeat devices ...

Etihad Airways doubles daily flights to Kuala Lumpur

ABU DHABI, 22nd September, 2023 (WAM) -- Etihad Airways is doubling its daily flights between Abu Dhabi and Kuala Lumpur, ...

New Jersey Sen. Menendez, Wife Indicted on Bribery Charges

U.S. Sen. Bob Menendez of New Jersey and his wife were indicted Friday on charges that they took bribes of ...

Mediterranean

Section

EAM Jaishankar meets counterparts from Brazil, Bahrain and South Africa

New York [US], September 23 (ANI): External Affairs Minister S Jaishankar on Friday (local time) held a meeting with counterparts ...

British missiles used to attack Russian fleet HQ Sky News

Kiev's forces reportedly fired Storm Shadow cruise missiles during its most-recent strikes on CrimeaUkraine used British-supplied Storm Shadow missiles to ...

Uncertainty Casts Shadow on Engagement With Military in Sahel

washington - The European Union and its Western partners are grappling with how to maintain diplomatic relations in the Sahel ...

US Joins List of Top 50 Conflict-Ridden Countries

The United States is the only Western nation among the world's 50 most conflict-ridden countries, according to new research that ...

Turkey Targets LGBTQ Community as Erdogan Touts Family Values

INSTANBUL - As the Turkish government has stepped up its pledges to protect family values, members of the LGBTQ community ...

I2U2 Group announces joint space venture

Washington, DC [US], September 23 (ANI): The I2U2 group of India, Israel, the United Arab Emirates and the United States ...

Movie Review

Sicario: Day of the Soldado