Dollar Falls on Lowest Consumer Sentiment in 28 Years

US Market Commentary from Seeking Alpha: Grace Cheng submits:

The lowest confidence among American consumers in nearly 28 years
caused the US dollar to fall sharply Friday against major currencies.

The Reuters/University of Michigan preliminary index of consumer
sentiment fell to 59.5 in May, the lowest level since June 1980, from
62.6 in April. The May estimate was worse than the reading of 62
expected. When you compare this to last year’s average reading of 85.6,
you’ll realize how downbeat US consumers are feeling right now.

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