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[QUOTE="HotForexsignal, post: 158480, member: 58463"] [B]U.S. Dollar Rises as Consumer Optimism Falls[/B] The greenback picked occurring steam on Friday despite U.S. consumer optimism hitting its lowest level back Donald Trump was elected president and the paperwork shutdown upsetting into its 28th daylight. The dollar was supported by a stronger-than-respected description for U.S. industrial production in December, in which manufacturing posted an impressive 1.1% profit from November. Such forgive surprises minister to some of the worries approximately the strength of the economy after the slowdown at the halt of last year. They furthermore underline the relative strength of the U.S. compared to the Eurozone, where the Bank of Italy warned Friday that the country may have slid into recession later a second straight decrease in GDP in the fourth quarter of last year. However, the negatives for dollar sentiment quay's following away: Congress and Trump continue to torment when their impasse well along than the budget and on the summit of 800,000 federal workers remain furloughed. The shutdown could have negative impacts on the economy, put on leaders have warned this week as they presented their quarterly earnings. The shutdown is comprehensibly having an effect upon U.S. consumers already: the University of Michigan's Consumer Survey Center showed that consumer sentiment plummeted to a two-year low of 90.7 in January from 98.3 a month earlier. The U.S. dollar index, which trial the greenback's strength nearby a basket of six major currencies, rose 0.17% to 95.875 as of 10:19 AM ET (15:19 GMT). The dollar after that continued to be supported by a Wall Street Journal relation that U.S. Treasury Secretary Steven Mnuchin is in agreement of mitigation tariffs upon Chinese products. That sent U.S. stocks and the dollar difficult late upon Thursday, despite the Treasury Department denying the news. Meanwhile, sterling retreated from its recent highs after lackluster retail sales data for December. GBP/USD decreased 0.51% to 1.2914. It's still holding to most of the gains made in recent weeks, as the risk of an economically harmful 'vanguard' Brexit appears to recede. The yen, typically sought by investors as a safe quay during a period of economic or push-pull attention to, was lower neighboring to the dollar when USD/JPY rising 0.19% to 109.42. Elsewhere, the euro dipped gone than EUR/USD falling 0.18% to 1.1374. [/QUOTE]
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