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U.S. dollar slips after Eurozone reports strong consumer confidence data

Source: Xinhua| 2018-01-24 05:56:49|Editor: huaxia
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NEW YORK, Jan. 23 (Xinhua) -- U.S. dollar declined in late trading on Tuesday after data showed Eurozone consumer confidence rose more than expected in January.

Data from the European Commission on Tuesday showed that the estimate of the consumer confidence indicator in Eurozone increased by 0.8 points from December to +1.3 points in January, a near-record high.

Analysts said the figure underlines the strong momentum in the euro zone economy.

The dollar index, which measures the greenback against six major peers, decreased 0.31 percent to 90.125 at 3:00 p.m. (2000 GMT).

In late New York trading, the euro increased to 1.2294 dollars from 1.2257 dollars in the previous session, and the British pound rose to 1.4000 dollars from 1.3982 U.S. dollars in the previous session. The Australian dollar dropped to 0.7996 dollar from 0.8012 dollar.

The dollar bought 110.33 Japanese yen, lower than 110.99 yen of the previous session. The U.S. dollar decreased to 0.9581 Swiss franc from 0.9625 Swiss franc, and it was down to 1.2435 Canadian dollars from 1.2457 Canadian dollars. Enditem

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