Investing.com - The greenback firmed against most major
currencies on Friday after investors applauded a widely-watched
gauge of consumer sentiment.
In U.S. trading on Friday, EUR/USD was down 0.41% at 1.3449.
The Thomson Reuters/University of Michigan final index of U.S.
consumer sentiment came in at 81.2 in January, beating expectations
for a 81.0 reading.
Also in the U.S. official data revealed consumer spending rose
0.4% in December, beating expectations for a 0.2% reading though
personal income came in unchanged, missing expectations for a 0.0%
The data kept expectations firm that the Federal Reserve will
continue tapering its monthly bond-buying program as the year
Currently, the Fed is buying USD65 billion in Treasury and
mortgage debt a month from banks, which weakens the dollar to spur
The program began in 2012, starting out at USD85 billion in Fed
asset purchases a month.
The dollar was down against the yen, with USD/JPY down 0.36% at
102.35, and up against the Swiss franc, with USD/CHF up 0.33% at
Concerns the emerging markets may be cooling, as evidenced by
soft Chinese manufacturing data, have weakened emerging-market
currencies and roiled stock markets worldwide, though the yen has
served as the safe-haven currency of choice during the
Japanese data also supported the yen on Friday.
According to figures released by Ministry of Economy, Trade and
Industry, Japan's industrial production in December rose by 1.1%
against the expected rise of 1.2% but up from a previous fall of
Also in Japan, the Statistics Bureau reported that country's
headline and core consumer price indices both remained unchanged at
0.7%, in line with expectations.
The greenback was up against the pound, with GBP/USD down 0.31%
The dollar was mixed against its cousins in Canada, Australia
and New Zealand, with USD/CAD down 0.30% at 1.1124, AUD/USD down
0.55% at 0.8748 and NZD/USD down 1.00% at 0.8085.
The dollar index, which tracks the performance of the greenback
versus a basket of six other major currencies, was up 0.23% at
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