Dollar Declines Across the Board After Consumer Confidence Slump

The U.S. Dollar (USD) declined on Friday touching its lowest level in about a week, after data showed a sharp drop in consumer sentiment in the United States.

The preliminary reading of the University of Michigan consumer sentiment index dropped to 70.2 in the first half of August, hitting its worst level since 2011.

The Dollar Index (DXY) that measures the greenback against a basket of six major international currencies is down for the day by 0.59% at 92.488.