51. The only report released Friday was an August consumer confidence index from the University of Michigan. 52. The University of Michigan consumer sentiment index fell in February, holding the dollar back against other currencies. 53. Wall Street was also pleased with a Dow Jones News report that the University of Michigan December consumer sentiment index had moved higher again, another indicator of strength. 54. A closely watched consumer confidence index rebounded in June to its highest level in nearly four years. 55. Also, a positive session on Wall Street and the stronger than expected University of Michigan consumer confidence index lent the dollar some support, especially against the euro. 56. Analysts said there was a risk that the Conference Board consumer confidence index could undershoot expectations, which were for a rise, piling more pressure on the dollar. 57. Analysts were cautious before the announcement later this morning of the latest US consumer confidence index because it could trigger tension on the bond market. 58. Blue-chip stocks fell Tuesday at mid-session following the announcement of a stronger-than-expected rise in the November consumer confidence index. 59. But long-term rates resumed their climb after the release of a rising consumer confidence index from the University of Michigan. 60. The preliminary February University of Michigan consumer sentiment index showed a decline from January levels. |
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