Dollar Declines After US Consumer Confidence, Richmond Fed Index

November 26, 2013

New York (Nov 26)  The Conference Board said its consumer confidence rose to 70.4 from previous month's revised figure of 72.4 in October. The consensus estimates called for an increase in the consumer confidence index to 72.9 from 71.2 originally reported in October.

Results of the Richmond Federal Reserve manufacturing survey showed that the headline index climbed to 13 in November from 1 in October. Economists had expected the index to rise to 4 in the month.

The US dollar drifted lower against its major rivals after the data. As of 10:03 am ET, the greenback was trading at 101.50 against the yen, 1.6180 against the pound, 0.91 against the Swiss franc and 1.3534 against the euro.

Silver Phoenix Twitter                 Silver Phoenix on Facebook