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Barchart
Rich Asplund

Dollar Slips as U.S. Consumer Sentiment Falls and Stocks Rally

ECB LAGARDE Bostic University of Michigan US US Federal Reserve Inflation Atlanta Fed

The dollar index (DXY00) Friday gave up an early advance and finished slightly lower by -0.07%.  The dollar was under pressure Friday after the University of Michigan U.S. Nov consumer sentiment fell more than expected to a 6-month low.  Also, Friday’s rally in the S&P 500 to a 7-week high reduced liquidity demand for the dollar.

The University of Michigan U.S. Nov consumer sentiment index fell -3.4 to a 6-month low of 60.4, weaker than expectations of 63.7.

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