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Dollar stays lower after unexpected rise U.S. consumer confidence

Published 06/27/2017, 10:54 AM
Updated 06/27/2017, 10:54 AM
© Reuters.

© Reuters.

Investing.com - The dollar remained lower for the day despite U.S. consumer confidence unexpectedly rising in June.
The dollar index was down 0.61% at 96.52, compared with a reading of 96.45 prior to the release.
The index fell below the 97 mark earlier Tuesday as upbeat remarks by ECB chief Mario Draghi boosted the euro.
The Conference Board said Tuesday its confidence index rose to 118.9 from a downward revision of 117.6 in May.
Analysts had expected a reading of 116.0 in June.
Investors are looking to expected remarks by Federal Reserve Chair Janet Yellen later the session.
The market is looking for guidance on the path of U.S. interest rates this year.
The market odds of a third rate hike this year have ebbed in the wake of unconvincing economic data.

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