Markets

Dollar slips more after drop in US consumer confidence

Published November 25, 2014 Updated November 25, 2014 03:55pm

1 min

By Imad Uddin

Add BRecorder as a trusted
source on Google

NEW YORK: The dollar weakened further against the euro and yen early Tuesday after data showed U.S. consumer confidence unexpectedly fell in November to its lowest level in five months.

The Conference Board said its index on American consumer confidence fell to 88.7, down from a revised 94.1 in October. Economists polled by Reuters had forecast a November reading of 96.0.

The greenback fell to a U.S. session low of 117.82 yen after the surprisingly weak report on consumer mood.

The euro hit a global session peak of $1.2479 after the latest consumer confidence data.

Read Comments