Forex Market Update : Epic Research Malaysia

Surprisingly weak consumer confidence data pushed the dollar lower against the yen, euro and pound Tuesday as investors worried that consumers might be tamping down spending ahead of the holiday shopping season.

The ICE Dollar Index DXY, +0.04%  , a measure of the greenback’s strength against a basket of six rival currencies, was down 0.30% to 87.8940, trading below the 88.0000 level for the first time since Friday.

The euro EURUSD, -0.03% traded at $1.2473, compared to $1.2430 late Monday. The shared currency is the most heavily-weighted component of the dollar index.

Elsewhere, the dollar USDJPY, -0.13%   traded at 117.99 yen, surrendering its gains from Monday’s session and returning to its Friday level. It traded at ¥118.29 Monday afternoon.
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