Sponsored Links
The dollar saw strength against major rivals on Friday in New York, rising to a two-month high against the euro, on the release of some strong economic news from the U.S.
On a busy day of data, the Commerce Department reported that retail sales jumped by 1.3% in November following a revised 1.1% increase in October.
The Labor Department revealed that import prices rose 1.7% in November. Export prices advanced 0.8% in November.
Meanwhile, 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.
And a Commerce Department report showed business inventories rose 0.2% in October following a revised 0.5% decrease in September.
All eyes will be on the Fed's interest rate decision next week. The Federal Open Market Committee meeting begins on Tuesday and concludes with an rate decision on Wednesday.
The dollar reached as high as 1.4585 versus the euro, its best level in two months, The pair had been in a range near 1.4740 in recent days.
The dollar gained agianst the pound and challenged a six-week high. The buck got as high as 1.6195, compared to the high crossing of 1.6166.
The buck was modestly higher versus the yen after giving back most of an early rally. The greenback moved near 0.8906 in the late afternoon after earlier reaching as high as 0.8979.
0 komentar:
Post a Comment