Monday, 27 May 2019
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U.S. Dollar Down on Downbeat Consumer Sentiment Data; Yuan Slightly Lower
Monday, 15 April 2019 11:00 WIB | CURRENCIES | Indeks DolarDolar AS

The U.S. dollar edged down on Monday in Asia after the University of Michigan reported on Friday that U.S. consumer sentiment was below expectations.

It will be a holiday-shortened week, with most major financial markets closed on Friday for the start of the Easter holidays.

U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.1% to 96.477.

The Michigan consumer sentiment index fell to a reading of 96.9, well below expectations for a reading of 98.1, following two-straight months that saw gains above expectations.

On Friday, China released stronger-than-expected trade and credit data that showed exports rebounded last month, easing concerns of a global economic growth slowdown.

Source: Investing.com

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