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Greenback was mixed against major currencies at end of weekly trading

2019-06-14 03:12 pm | Resource: News | No Views : 69

Greenback was mixed against major currencies at end of weekly trading

The dollar was slightly different after the US consumer confidence index of the University of Michigan for June at 14:00 in central Europe, where the dollar was little changed against major currencies.

 Consumer sentiment fell in June in the United States

The results of a regular consumer survey conducted by the University of Michigan showed that confidence had worsened after the May recovery. Initial reading of the headline index, published on Friday, fell at 97.9, down 2.1 points, or just 0.3 from the previous year. The current conditions index rose by 2.5 points during the month and fell four points on an annual scale. The forward-looking component fell 4.9 points to 88.6 but the reading was 2.3 points higher than 12 months ago.

Inflation expectations fell 0.4 points to 2.5% for the next twelve months, a record low of 2.2% for the horizon for five years. Employment expectations and economic growth were reduced.

"The only component of the sentiment index that improved in early June was the purchase of plans for large household durable goods," said Richard Cortin, head of consumer opinion surveys. "However, this improvement was due to consumers' preference for pre-induced price justification." , And attributed the deterioration mostly to the import of tariffs on Chinese goods, but also the pending proceedings against Mexico.

US stocks rose 0.5% in April

Inventories in the US manufacturing and trade sectors rose 0.5% in April to $ 2,029.8 billion, according to a report released by the US Census Bureau on Friday. On an annualized basis, the figure rose 5.3% from April 2018.

The total value of trade and manufacturing shipments for the fourth month of 2019, adjusted for seasonality and trading day, totaled $ 1646 billion, down 0.2% on a monthly basis but increased by 2.8% per year.

The ratio between commercial inventories and sales was 1.39 at the end of April. Twelve months ago, the ratio was 1.36.

Dollar Trading
  • The dollar was steady against the yen, almost unchanged at 108.33 against the yen.
  • The greenback was higher against the franc at 0.9965 francs.
  • The dollar traded against the euro at € 1.1245.
  • Sterling fell to 1.2623 against the dollar at around 16:01 CET.


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