FX: Dollar Adds To Gains After Consumer Confidence
SAN FRANCISCO -- The U.S. dollar modestly added to gains Tuesday after the Conference Board reported consumer confidence rose modestly in November, topping economists' expectations, but stocks continued to sell off. The dollar index rose to 75.25 from 75.10 before the 10 a.m. Eastern release. A downward revision to U.S. third-quarter economic growth weighed on stocks and supported the dollar. One euro bought $1.4951, a less than 0.1% drop for the day. The U.S. dollar bought 88.48 yen, off 0.6%.
