2016.10.2604:14:00UTC+00Dollar Trims Gains on Soft Economic Data

The dollar trimmed gains after weak U.S. economic data caused some investors to take profit on the currency's recent gains. The Wall Street Journal Index was flat at 88.57.

The Conference Board recently said that its index of consumer confidence declined to 98.6 in October, a prospect that households are still cautious in a year of slow growth and with the presidential elections not far ahead. The U.S. currency is up by nearly 2.5 percent in October, bound for its second best month in 2016. Federal-funds futures have shown that investors implied a 78.5 percent chance of a rate hike in December.

The dollar recently climbed against the Japanese yen by 0.1 percent to ¥104.23. The euro rose 0.1 percent at $1.0888. The dollar fell against the Mexican peso by 0.2 percent at 18.51.

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