U.S. dollar falls as risk appetite improves with data showing slowdown
- Rise in U.S. core PCE index, year-on-year, slows
- Orders for U.S. durables advance modestly
- U.S. consumers’ 1-year inflation outlook drops to 18-month low
- Dollar/yen on track for weekly loss after BoJ policy tweak
- Commodity currencies rise vs greenback
NEW YORK, Dec 23 (Reuters) – The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors’ risk appetite.
The personal consumption expenditures (PCE) price index rose 0.1% last month after climbing 0.4% in October. In the 12 months through November, the PCE index increased 5.5% after advancing 6.1% in October.
Excluding the volatile food and energy components, the PCE index gained 0.2% after increasing 0.3% in October. The so-called core PCE price index rose 4.7% on a year-on-year basis in November after increasing…
