NEW YORK, Sept. 15 (Xinhua) — The U.S. dollar fell in late trade on Friday as U.S. consumer sentiment dipped.
The dollar index, which measures the greenback against six major peers, was down 0.06 percent at 105.3192 in late trade.
The University of Michigan released the preliminary reading of its consumer sentiment index on Friday, which fell to 67.7 this month from 69.5 in August.
The survey’s one-year inflation expectation fell to 3.1 percent, the lowest since March 2021, while the five-year inflation outlook fell to a one-year low of 2.7 percent from 3.0 percent.
The headline General Business Conditions Index for the Federal Reserve Bank of New York’s Empire State Manufacturing survey rose to 1.9 in September from -19.0 in August, coming in better than market expectations.
While a euro zone rate cut is not on the European Central Bank’s (ECB) agenda, ECB President Christine Lagarde said on Friday, pushing back on some market bets that a rate hike reversal could begin in the first half of 2024.
In late New York trading, the euro rose to US$1.0660 from US$1.0636 in the previous session, and the British pound fell to US$1.2384 from US$1.2402.
The US dollar bought 147.8570 Japanese yen, higher than 147.4410 Japanese yen in the previous session. The US dollar rose to 0.8972 Swiss francs from 0.8962 Swiss francs and it rose to 1.3516 Canadian dollars from 1.3509 Canadian dollars. The US dollar fell to 11.1821 Swedish kronor from 11.2022 Swedish kronor.