The
dollar fell for the first time in three days after data showed consumer
confidence unexpectedly declined in November to the lowest level in
more than a year.
The
U.S. currency weakened against most of its major peers as investors
look past the Thanksgiving holiday week for fresh evidence that the
Federal Reserve is ready to raise interest rates in December. Fed Chair
Janet Yellen will speak Dec. 2, before a European Central Bank meeting
and U.S. payroll report on the same week. The yen rose after Turkey shot
down a Russian warplane near the Syrian border, boosting demand for the
safest assets.
The
Bloomberg Dollar Spot Index, which tracks the currency versus 10 major
peers, fell 0.3 percent to 1,230.41 as of 3:33 p.m. in New York. The
gauge has rallied 1.7 percent in November, set for the biggest monthly
advance since July.
Source: Bloomberg
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