The US dollar drew broad bids following a report that showed consumer confidence in the country unexpectedly surged to a new 17-year high in November. The Conference Board's widely-tracked index of consumer confidence advanced to 129.5 this month after registering a reading of 126.2 in October, outperforming the consensus estimate anticipating a decline to 124.0. Separately, home prices in 20 leading US cities jumped by the most in over three years in September, rising by 6.20% year over year per figures published by S&P CoreLogic Case-Shiller. On the geopolitical front, North Korea fired a ballistic missile early Wednesday, which despite landing inside Japan’s Economic Exclusion Zone, failed to exert much influence on the currency markets. The greenback gained 0.40% against the Yen on Tuesday before pulling back from overnight gains to trend back below 111.500.
Greenback Strengthens Against Yen
Daily Analysis - 29/11/2017