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Tuesday, Nov 27, 2012 10:15 PM UTC

Dollar rises as consumer confidence increases

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Topics: From the Wires,

NEW YORK (AP) — The dollar rose against the euro Tuesday after U.S. consumer confidence increased to its highest level in almost five years.

Traders also bought the dollar as sales of machinery and equipment unexpectedly rose last month.

The euro fell to $1.2939 in afternoon trading from $1.2963 late Monday.

The Conference Board said that its consumer confidence index rose to 73.7 in November from 73.1 in October. Both are the best readings since February 2008.

The Commerce Department said that orders for core capital goods rose 1.7 percent in October, the best showing since a 2.3 percent rise in May.

The stronger data from the U.S. overshadowed a deal by European leaders to release more financial aid to Greece.

In other trading, the dollar rose to 0.9309 Swiss franc from 0.9287 Swiss franc and to 99.43 Canadian cents from 99.37 Canadian cents.

The dollar slipped to 82.17 Japanese yen from 82.18 yen.

The British pound was unchanged at $1.6018.

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Gripping photos: The people of the Turkey protests (slideshow)

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  • The protests take on a festive element as police forces move out of the park and square. Wearing a gas mask, this young man dances to traditional Turkish music in front of Taksim Square’s Ataturk Monument.

  • In Gezi Park since March 31st, this protester, originally caught off-guard by the Government’s teargas and water cannons, went out and bought a Russian army mask from WWII, preparing for what was to come.

  • This rambunctious boy seems to be enjoying the chaos. After taking this picture he threw a stone at the already destroyed building in the background.

  • Forming a line, the police face off directly with protesters in Taksim Square. After a while, they retreated and there was a general cheer – a back-and-forth dance that has been common since the beginning of this protest.

  • An elderly woman in Gezi Park reads the news. The tent community occupying the park was violently destroyed on June 16th.

  • Many different groups had set up booths to promote their cause in Taksim Square and Gezi Park. Standing in front of one, this man waves his flag while posing with conviction.

  • Many home-remedies are used to minimize the effects of tear gas. This woman has put a milky solution on her face, removing her mask after the tear gas dissipated. Before sunrise, the police came again for another round of teargasing.

  • People capitalize on the uprising -- selling flags, beer, gas masks, sky lanterns and spray paint to name just a few of the popular items.

  • On Monday morning, June 11, the police execute a strong offensive. Many plain-clothed police officers, like the ones seen here, clash with protesters in the side streets away from the main stand-off in Taksim.

  • The authorities seem to be most aggressive in the night, pushing protesters away from the square and park. After being teargassed this young woman catches her breath with other protesters on Siraselviler Street.

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