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Dollar up as US consumer confidence rises

Source : AP
Last Updated: Thu, Nov 01, 2012 20:30 hrs

The dollar rose against most major currencies Thursday as U.S. consumer confidence increased to its highest level in nearly five years.

The Conference Board said its consumer confidence index rose to 72.2 in October. That's up from a revised 68.4 in September and the highest reading since February 2008.

The euro fell to $1.2939 in late trading Thursday from $1.2962 late Wednesday. The British pound fell to $1.6125 from $1.6130.

Also on Thursday, the International Council of Shopping Centers said sales in retail stores open at least one year rose 5 percent in October, according to a tally from 21 retail chains. And the Institute for Supply Management said that manufacturing expanded for the second straight month in October, mostly because of higher consumer demand.

The dollar rose to 80.18 Japanese yen from 79.76 Japanese yen and to 0.9321 Swiss franc from 0.9313 Swiss franc.

The dollar slipped to 99.62 Canadian cents from 1.0002 Canadian dollar.



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