The Dollar Declines as U.S. Consumer Confidence Wanes

U.S. dollar weakened on Tuesday due to recent interest rate cuts by the U.S. Federal Reserve and a decrease in the consumer confidence index in the United States.

As of 16:05 GMT (18:05 in Paris), the American currency had depreciated against the euro, which rose by 0.37% to $1.1153. The greenback also fell against the pound, which increased by 0.26% to $1.3382 after reaching a new high against the dollar since March 2022 at $1.3399.

Additionally, the euro gained 0.11% against the pound on Tuesday, rising to 83.33 pence per euro after hitting a morning low of 83.17 pence per euro, the lowest level since April 2022.

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Tuesday’s Exchange Rates        Monday’s Exchange Rates

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16:05 GMT                   21:00 GMT

EUR/USD    1.1153                 1.1111

EUR/JPY    160.30                 159.57

EUR/CHF    0.9432                 0.9417

EUR/GBP    0.8333                 0.8324

USD/JPY    143.73                 143.61

USD/CHF    0.8457                 0.8475

GBP/USD    1.3382                 1.3347