US dollar slips after consumer confidence data

The US dollar fell against the major currencies today after the US Consumer Confidence Index rose more than expected in December indicating that the US economy will continue to expand in 2022, and the Sterling Pound rose against the US Dollar by 0.67% to $1.3358.

The main dollar index, which measures the performance of the greenback against 6 major currencies, fell 0.37% to 96.068, but is still near its highest level in a year and a half at 96.938, which it recorded on November 24. The European single currency rose against the US dollar by 0.37% to $1.1331, the Australian dollar rose against the US dollar by 0.86% to $0.7214, and the New Zealand dollar rose against the US dollar by 0.74% to $0.6820.