News Column

US Dollar Slightly Off Early Highs After US Leading Index

July 18, 2014

BRUSSELS (Alliance News) - The US dollar came off slightly from its early highs against most major currencies in New York deals on Friday, as the US leading economic index rose less-than-expected in June.

The Conference Board said its leading economic index rose by 0.3% in June, compared to an increase of 0.5% forecast by economists. The May was upwardly revised to 0.7%.

The greenback reversed from early more than a 2-week high of 1.7035 against pound, falling to 1.7058.

The greenback eased from more than a 4-week high of 0.9003 against the franc and a 5-1/2-month high of 1.3490 against the euro and declined to 0.8982 and 1.3518, respectively.

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Source: Alliance News

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