The U.S. dollar rose today against the euro and the Great Britain pound after the reports showed that the U.S. economy continues to expand, Japanese yen managed to outperform the U.S. currency, though, as the economic growth showed signs of the slowdown.
The personal income of the consumer in the U.S. increased 0.4% in April. The Chicago business barometer showed that economic activity grew for the eighth month, albeit with slower pace. The report of the University of Michigan showed that consumer confidence increased.
The signs of the economic recovery in the U.S. continue to support the greenback. On the other hand, the economic growth showed the troubling tendency to slow its pace.
EUR/USD traded at 1.2306 as of 17:21 GMT today after opening at 1.2359. GBP/USD traded at about 1.4467. USD/JPY traded near 90.87 down from its opening price of 91.05.
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