Sponsored Links
The dollar strengthened versus major rivals on Friday in New York, receiving a boost from encouraging economic data. The buck reached a two-month best on the euro with the rally.
A Commerce Department report showed that retail sales jumped by 1.3 percent in November following a revised 1.1 percent increase in October. Economists had been expecting sales to increase by a more modest 0.6 percent compared to the 1.4 percent growth originally reported for the previous month.
At the same time, the U.S. Labor Department revealed that import prices rose 1.7 percent in November. This followed a 0.8 percent increase in October and a 0.2 percent advance in September. Export prices advanced 0.8 percent in November.
Reuters and the University of Michigan said the consumer sentiment index jumped to 73.4 in December from a final reading of 67.4 in November. Economists had been expecting a much more modest increase by the index to a reading of 68.8.
And a Commerce Department report showed business inventories edged up by 0.2 percent in October following a revised 0.5 percent decrease in September. The increase surprised economists, who had expected inventories to slip by 0.2 percent compared to the 0.4 percent drop originally reported for the previous month.
The dollar rose to a two-month high of 1.4585 versus the euro. The buck has been trending to the upside since testing a 16-month low near 1.5140.
The greenback dipped toward a six-week low versus the British pound. The buck fell to 1.6195 after touching as low as 1.6166 earlier in the week.
The dollar gave back most of a daily rally after rising to a four-day best versus the yen. The buck reached as high as 89.556 before slipping back toward 89.000.
0 komentar:
Post a Comment