Forex News Feed - The dollar traded lower neighboring-door to a basket of currencies something behind Friday as consumer confidence data fell rushed of expectations even if ongoing fears on top of delays to corporate tax cuts continued to weigh almost sentiment.
The U.S. dollar index, which events the greenback's strength against a trade-weighted basket of six major currencies, fell by 0.10% to 94.33.
The University of Michigans consumer sentiment index, showed consumer confidence in the economy cooled, as the index showed a preliminary reading for November of 97.8, missing expectations for the reading of 100.7.
Meanwhile, fears of delays to corporate tax cuts until 2019 continued to weigh upon the greenback after U.S. Senate Republicans unveiled a tax intend on Thursday that was significantly oscillate from the House of Representatives bank account.
Senators said that they wanted to slash the corporate rate to 20% from 35%, but in 2019, which differs from the GOP intention to slash the corporate rate hastily.
The pound and euro were the main beneficiaries of a slump in the dollar, as both currency connection to Thursday's gains against the greenback.
GBP/USD rose 0.36% to $1.1319, even though EUR/USD tacked upon 0.14% to $1.1659. The rise in sterling comes after manufacturing and manufacturing ensue topped expectations.
USD/CAD was flat at C$1.2687 even though USD/JPY rose 0.04% to Y113.52.