U.S. dollar lower after weak consumer data

Weekly synopsis

The U.S. dollar dropped versus it counterparts last Friday, following the weak data on housing and consumer sentiment as well as the slowest rhythm of interest rate hikes from the FED. The U.S. dollar index traded to 97.14 declining 0.3%.

U.S. dollar above 2-week highs

The homebuilding dropped in May recording the third consecutive monthly declination as well as reaching the weakest zone in eight months.

The U.S. dollar climbed above its 2-week highs after the Federal Reserve increased rates. The Japanese yen stabilized following the Bank of Japan's decision to keep rates unchanged.

The sterling traded higher as the focus remains on the Bank of England's decision on near future interest rates.

The euro rose following the IMF and the euro zone's finance ministers' decision to back a payout of €8.5 billion to Greece.

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