Dollar Positive factors
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- Category: Forex
The Dollar Index touched a two-month high as investors sought safety amid worse-than-estimated financial outcomes from firms akin to Groupon Inc. and J.C. Penney Co., even as U.S. client confidence was projected to increase. The gauge rose for a 3rd day, adding 0.three percent to 81.036 and reaching 81.087, the best since Sept. 7.
The Thomson Reuters/College of Michigan shopper sentiment index rose to 82.9 in November from 82.6 a month earlier, based on the median estimate of 71 economists surveyed by Bloomberg before a preliminary reading of the gauge due today. The reading for October was the very best since September 2007.
Canada’s dollar traded below parity with its U.S. counterpart for a second day, weakening 0.1 % to C$1.0013 per U.S. dollar.
The Customary & Poor’s GSCI Index of 24 raw supplies declined 0.2 percent. The S&P 500 Index fell 0.3 percent and the MSCI World Index misplaced 0.3 percent.
The euro fell to a two-month low versus the dollar because the European Central Bank saved its benchmark rate of interest at a file low and President Mario Draghi stated financial progress was expected to remain “weak.”