Dollar rises as consumer confidence increases


In this Friday, Nov. 23, 2012, file photo, Tonya Thomas, of Russellville, Ky., makes her way through the aisles at Best Buy in Bowling Green, Ky. U.S. consumer confidence rose this month to its highest level in almost five years, helped by a better outlook for hiring over the next six months. The Conference Board said Tuesday, Nov. 27, 2012, that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008. AP/Daily News, Alex Slitz

NEW YORK — The dollar rose against the euro Tuesday after U.S. consumer confidence increased to its highest level in almost five years.

Traders also bought the dollar as sales of machinery and equipment unexpectedly rose last month.

The euro fell to $1.2939 in afternoon trading from $1.2963 late Monday.

The Conference Board said that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.

The Commerce Department said that orders for core capital goods rose 1.7 percent in October, the best showing since a 2.3 percent rise in May.

The stronger data from the U.S. overshadowed a deal by European leaders to release more financial aid to Greece.

In other trading, the dollar rose to 0.9309 Swiss franc from 0.9287 Swiss franc and to 99.43 Canadian cents from 99.37 Canadian cents.

The dollar slipped to 82.17 Japanese yen from 82.18 yen.

The British pound was unchanged at $1.6018.

Get Inquirer updates while on the go, add us on these apps:

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • It’s No Time To Doubt Now

    It’s all about confidence. Thanks to the good governance of our beloved President PNoy, investor confidence in the Philippines is at all time highs. Thanks to the charisma of our dear leader PNoy, consumer confidence is at all time highs in this country. When investor and consumer confidence are at all time highs, expectations naturally become positive and so do medium to long-term economic outlook. With such positive vibes and optimism grounded on real people with real emotions, consumers will naturally spend more which in turn spawns more investment in production capacity to meet growing demand. All told, our beloved President PNoy has successfully kick-started this virtuous economic cycle. For skeptics and critics out there, this is no longer just feel-good bubbly economics. This is for real and we have the numbers to show for it. All thanks to our dear leader PNoy for making this possible.

    Sa Daang Matuwid, wala kang talo. Halina’t go with the flow. Go with Daang Matuwid.

    and may I humbly suggest:
    vote straight LP in 2013
    Ninoy 2.0 = Bam Aquino

    To our national superhero Ninoy, Blessed Mother Cory and their only begotten son PNoy, you have the absolute love and support of the Filipino people.

    • ely

      tanga anong walang talo… talo lahat…

      manipulated ang peso… no projects all they did is to pay debt of phils. kaya ayan kaming OFW ang patay. 

      solo mong butohin ang mga kabilang mong abnormal.

      • Albert Einstien

        NO TO POLITICAL DYNASTY ..kamo magagalit yan at nagsusumbong sa moderator….lol

        paulit-ulit lang naman sinasabi nya …POLITICAL TROLL. yan…papano iboboto ng tao yan NILALABAG nya na ang election law…papano pa pag nanalo yan mapagsamantala sa batas…

      • Tots

         @Ely,  tama ka,  90% of phil families have ofw’s, ipasolo nila butohin ang LP line-up, ok lang sana if nag lower and price ng commodities, e wala naman

    • Albert Einstien

      dapat moderator ipag bawal nyo din ito si bam bam….sya nga yun iILLEGAL ang ginagawa..BAWAL pa ang ELECTION CAMPAIGN di ba?….papano na pag nanalo yun mga ganito wala ng batas batas…puro palusot na lang ba?

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks



latest videos