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FX round-up: Dollar down on data

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Date: Monday 18 Feb 2008

LONDON (ShareCast) - The US dollar was down against other major currencies on Friday after a set of weak economic reports.

The New York Empire State index for manufacturing saw a reading of -11.7 against forecasts for a positive reading of 7. The Central bank said the country's industrial output rose only 0.1% in January, due to higher output from utility companies.

The Reuters/University of Michigan preliminary index of consumer sentiment fell to its lowest level since February 1992, declining to 69.6 in February from 78.4 in January.

Sterling was under pressure on Friday against the euro. There were no major economic news out on Friday but investors will have the interest rate decision to look forward to this week.

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