Dollar Rises Before Confidence Report

The U.S. currency reverted a negative trend versus the euro before a consumer confidence report to be published tomorrow, which is likely to indicate improving conditions, raised attractiveness for the greenback in foreign-exchange markets.

After losing for several consecutive days versus the euro and the yen, the dollar rebounded today in a rather calm trading session as liquidity declines in this period between Christmas and the New Year. Reports tomorrow are likely to improve confidence towards the U.S. economy, continuing a series of positive data which is fueling a dollar rebound since the beginning of the month.

EUR/USD traded at 1.4378 as of 21:28 GMT from 1.4412 hours earlier.

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