The US dollar declined versus the higher-yielding currencies as the macroeconomic reports suggested that the economic recovery is underway, encouraging the investors to take more risk in seeking profits.
The University of Michigan index of the consumer sentiment in its revised edition showed the increase from 71.6 in November to 74.5 this month. The claims for the unemployment benefits in the US continued to decline, falling from 423,000 to 420,000 last week. The personal income in the US grew 0.3 percent in November, while the personal consumption rose by 0.4 percent.
The future reports may also provide evidences of the economic recovery. The experts predict that the Conference Board’s sentiment index would post the increase from 54.1 to 56.3 in November. The low market volatility also helped the investors’ risk sentiment to improve.
AUD/USD closed at 1.0042 after opening at 0.9990 and rising to the intraday high of 1.0065. NZD/USD closed at 0.7469 after it opened at 0.7401 and climbed as high as 0.7500.
If you want to comment on the US dollar’s recent action or have any questions regarding this currency, please, feel free to reply below.
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