Dollar struggles as consumer sentiment weakens


William L. Watts and Michael Kitchen
Market Watch
October 25, 2013

The U.S. dollar struggled for direction Friday, attempting to rebound from a nearly two-year low versus the euro, as end-of-week position-squaring competed with lackluster economic data, including a steeper-than-expected fall in consumer sentiment.

The ICE dollar index DXY -0.04% — which gauges the U.S. unit against six other majors — traded at 79.223, up slightly from Thursday’s 79.211. The index, however, is on track for a 0.5% weekly decline, which would bring its drop since the start of October to around 1.2%.

The WSJ Dollar Index XX:BUXX +0.09% , an alternate measure of the greenback, rose to 71.77 from Thursday’s close at 71.70.

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