Mon, 26 Oct 2020

U.S. dollar weakens amid economic data

Xinhua
17 Oct 2020, 05:44 GMT+10

NEW YORK, Oct. 16 (Xinhua) -- The U.S. dollar slipped in late trading on Friday as market participants digested the newly-released retail sales data.

The dollar index, which measures the greenback against six major peers, decreased 0.19 percent at 93.6809.

In late New York trading, the euro rose to 1.1717 U.S. dollars from 1.1696 dollars in the previous session, and the British pound increased to 1.2931 dollars from 1.2900 U.S. dollars in the previous session. The Australian dollar was down to 0.7086 U.S. dollar from 0.7091 dollar.

The U.S. dollar bought 105.39 Japanese yen, lower than 105.46 Japanese yen of the previous session. The U.S. dollar decreased to 0.9150 Swiss franc from 0.9151 Swiss franc, and it decreased to 1.3180 Canadian dollars from 1.3226 Canadian dollars.

On the data front, U.S. retail sales climbed 1.9 percent in September, the Department of Commerce reported on Friday. Economists polled by MarketWatch had forecast a 1.2 percent increase.

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