MW: Dollar stays down after confidence index rises
By Deborah Levine
NEW YORK (MarketWatch) -- The U.S. dollar remained under pressure Friday after the final reading of the University of Michigan/Reuters index of consumer confidence for July rose to 66, higher than some had expected. The dollar index (DXY 78.71, -0.09, -0.12%) , which tracks the greenback against a trade-weighted basket of major currencies, traded at 78.727, down from 78.821 in late trade in New York Thursday. The U.S. dollar fell 0.5% versus the euro, after closely-watched data from Europe that indicated a better-than-expected outlook for the region's economy.
