RTTN: U.S. Dollar Strengthens Amid Chicago PMI, Consumer Sentiment Index
(RTTNews) - The U.S. dollar traded higher against other major currencies on Friday's New York deals after the releases of Chicago PMI data and U.S. consumer sentiment index for September.
Consumer sentiment in the U.S. improved by less than previously estimated in the month of September, according to a report released by Thomson Reuters and the University of Michigan.
The report showed that the consumer sentiment index for September was downwardly revised to 78.3 from the mid-month reading of 79.2. Economists had expected a more modest downward revision to a reading of 79.0.
Also, the Institute for Supply Management - Chicago said its business barometer dropped to 49.7 in September from 53.0 in August.
The greenback is now worth 0.9407 against the franc and 1.2863 against the euro, off early multi-day lows of 0.9338 and 1.2961, respectively.
The U.S. currency climbed to a 2-day high of 77.87 against the yen, after falling to a multi-week low of 77.45 around 1:40 am ET.
Against the pound, the dollar is now trading more than a 2-week high of 1.6138, recovering from a 1-week low of 1.6274 hit earlier.
