Major US dollar amid risk aversion

Canbera (DPA -AFX) – The US dollar advanced in front of its main counterparts in the New York session on Friday in the midst of risk aversion, since US actions withdrew after the weak data of consumer feelings.

The data of the University of Michigan showed that the feeling of the consumer deteriorated much more than what was previously estimated in the month of February.

The University of Michigan said that its index of consumption feelings for February was reviewed down to 64.7 from a preliminary reading of 67.8. Economists expected the index not reviewed.

The actions of UnitedHealth fell after a report that the United States Department of Justice has launched an investigation into the company’s Medicare billing practices in recent months.

The concerns about the tariff threats of the president of the United States, Donald Trump, also supported the safe refuge currency.

The Greenback increased to 1,0449 against the euro, 1,2629 against La Libra and 0.9004 against Franc, from a minimum of 4 days early from 1,0505, more than 2 months of minimum of 1,2678 and more than a minimum of 3 weeks of 0.8971, respectively. The currency is prepared to challenge the resistance around 1.02 against the euro, 1.22 against the pound and 0.92 against Franc.

The Greenback recovered at 0.6370 against the Australian and 0.5746 against the Kiwi, from its early more than 2 months of 0.6408 and 0.5772, respectively. The Back Green can face resistance around 0.61 against the Australian and 0.55 against Kiwi.

The Greenback beat 1,4208 against the Loonie. Greenback is likely to face resistance around the level of 1.44.

On the contrary, Greenback decreased to a minimum of 2-1/2 months of 149.27 against Yen. If the currency falls even more, it is likely to prove the support around the 146.00 region.

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