Dollar Finishes Even on Its Rivals After Weak Consumer-View Data
The dollar was little changed late in New York Friday after a day of choppy trading triggered by a weaker-than-expected consumer sentiment survey early in the session.</br></br>The University of Michigan's mid-August report, which showed a steep drop in its consumer-expectations index together with a sharp rise in inflationary expectations, sent the dollar tumbling.</br></br>Yet the dollar managed to recoup much of its losses against major currencies as traders used the report as an excuse to trade through an otherwise data-light August Friday.</br></br>Choppy movements with little lasting effect may be par for the dollar's course next week, analysts said, with no U.S. data scheduled for release until Wednesday and the August vacation season in full swing.</br></br>Late in New York, the euro was at $1.2830, little changed from $1.2829 late Thursday. The dollar was at 115.78 yen, down from 115.94 yen, while the euro was at 148.57 yen, off from 148.75 yen. The dollar was trading at 1.2327 Swiss francs, compared with 1.2326 francs, while sterling was fetching $1.8817, down from $1.8847.