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U.S. dollar declines on downbeat data

NEW YORK
2017-07-15 04:51

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The U.S. dollar fell against other major currencies on Friday as economic data from the country came out negative.

Advance estimates of U.S. retail and food services sales for June 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were 473.5 billion U.S. dollars, a decrease of 0.2 percent from the previous month, and 2.8 percent above June 2016, said the commerce department.

The Consumer Price Index for All Urban Consumers was unchanged in June on a seasonally adjusted basis, the labor department reported on Friday, missing market consensus.

Over the last 12 months, the all items index rose 1.6 percent. The dollar index, which measures the greenback against six major peers, was down 0.61 percent at 95.142 in late trading.

In late New York trading, the euro rose to 1.1466 U.S. dollars from 1.1400 U.S. dollars, and the British pound climbed to 1.3089 U.S. dollars from 1.2939 U.S. dollars in the previous session. The Australian dollar added to 0.7824 U.S. dollar from 0.7731 U.S. dollar. The U.S. dollar bought 112.55 Japanese yen, lower than 113.21 yen of the previous session. The U.S. dollar fell to 0.9639 Swiss franc from 0.9671 Swiss franc, and it edged down to 1.2646 Canadian dollars from 1.2727 Canadian dollars.

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