Dollar Falls for First Time in 3 Days on Consumer Sentiment Drop
- Greenback pares monthly gain even as GDP growth revised up
- Investors sell U.S. currency before November payrolls report
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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.