Forex: Dollar and Yen tick up after weak increase on U. Michigan Sentiment Index

By @ibtimes on (Barcelona) - The Dollar has ticked up against its main rivals, returning to levels close to session highs against Euro and Pound after a mild increase on Reuters/U. Michigan Consumer Sentiment Index, showing that consumers remain wary about economic recovery.

EUR/USD recovery from week low at 1.4360 has capped at 1.4400 and the pair has pulled down to est session low at 1.4360, while the GBP/USD has eased from 1.6300 area to 1.6275 after Reuters/Michigan figures, and USD/JPY recovery from 90.60 has halted at 91.20, and the pair has returned to 90.80.

Reuters/U. Michigan consumer sentiment index has edged up to 72.8 in January, according to preliminary estimates from 72.5 in December, against market expectations of an increase to levels around 74.0.


Join the Discussion