The U.S. dollar stayed nearly flat in late trading on Friday, as the U.S. consumer sentiment fell for a fourth straight month in November.
The dollar index, which measures the greenback against six major peers, decreased 0.04 percent to 105.8624 in late trading.
The University of Michigan’s preliminary reading of its consumer sentiment index for November dropped to 60.4 on Friday, the lowest level since May.
“While current and expected personal finances both improved modestly this month, the long-run economic outlook slid 12 percent, in part due to growing concerns about the negative effects of high interest rates,” Joanne Hsu, director of the surveys of consumers, said in a statement.
As no other high-tier reports were published during the week, markets await next week’s U.S. consumer price index (CPI) figures for October. The Fed’s hawkish rhetoric this week revived U.S. yields, and the 2-year Treasury yield rose back to 5 percent, while the 5-year and 10-year rates increased to 4.59 percent and 4.60 percent, respectively.
The British Gross Domestic Product (GDP) showed no quarterly growth between July and September, following an increase of 0.2 percent the previous quarter, according to the latest data. In annual terms, Britain’s third-quarter GDP was 0.6 percent higher than in the same period of 2022.
In late New York trading, the euro was up to 1.0679 U.S. dollars from 1.0668 U.S. dollars in the previous session, and the British pound slipped to 1.2217 U.S. dollars from 1.2221 U.S. dollars.
The U.S. dollar bought 151.5840 Japanese yen, higher than 151.3100 Japanese yen of the previous session. The U.S. dollar shed to 0.9027 Swiss francs from 0.9035 Swiss francs, and it was down to 1.3810 Canadian dollars from 1.3812 Canadian dollars. The U.S. dollar rose to 10.9151 Swedish krona from 10.9132 Swedish krona.
