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

By IBTimes Staff Reporter | January 15 2010 10:19 AM

FXstreert.com (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.

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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.

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