The U.S. dollar continued to decline on Friday, as investors were digesting a batch of economic reports.
Adjusted for seasonal variation, holiday and trading-day differences instead of price changes, advance estimates of U.S. retail and food services sales for August 2017 were 474.8 billion U.S. dollars, a decrease of 0.2 percent from the previous month, and 3.2 percent above August 2016, the Commerce Department said Friday.
Data for July were revised to show sales increasing 0.3 percent instead of a previously reported 0.6 percent surge, according to the department.
The dollar index, which measures the greenback against six major peers, was down 0.23 percent at 91.913 in late trading.
Meanwhile, Wall Street has kept a close eye on inflation data as they might indicate the Federal Reserve's next move.
The Consumer Price Index for All Urban Consumers rose 0.4 percent in August on a seasonally adjusted basis, the U.S. Labor Department reported Thursday.
Over the last 12 months, consumer prices rose 1.9 percent. The 12-month change in the index for all items less food and energy remained at 1.7 percent for the fourth month in a row, according to the report.
Market expectations for a Fed rate hike in December stood at 50.9 percent, according to the CME Group's FedWatch tool.
The Fed is scheduled to announce its latest decision on monetary policy next week. While the central bank is not expected to announce a rate hike, it is expected to start unwinding its massive portfolio that has amounted to 4.5 trillion dollars.
In late New York trading, the euro increased to 1.1939 dollars from 1.1918 dollars in the previous session, and the British pound increased to 1.3571 dollars from 1.3400 U.S. dollars in the previous session. The Australian dollar increased to 0.8000 dollar from 0.7990 dollar.
The dollar bought 110.89 Japanese yen, higher than 110.53 yen of the previous session. The U.S. dollar was down to 0.9600 Swiss franc from 0.9642 Swiss franc, and it inched up to 1.2188 Canadian dollars from 1.2187 Canadian dollars.
Adjusted for seasonal variation, holiday and trading-day differences instead of price changes, advance estimates of U.S. retail and food services sales for August 2017 were 474.8 billion U.S. dollars, a decrease of 0.2 percent from the previous month, and 3.2 percent above August 2016, the Commerce Department said Friday.
Data for July were revised to show sales increasing 0.3 percent instead of a previously reported 0.6 percent surge, according to the department.
The dollar index, which measures the greenback against six major peers, was down 0.23 percent at 91.913 in late trading.
Meanwhile, Wall Street has kept a close eye on inflation data as they might indicate the Federal Reserve's next move.
The Consumer Price Index for All Urban Consumers rose 0.4 percent in August on a seasonally adjusted basis, the U.S. Labor Department reported Thursday.
Over the last 12 months, consumer prices rose 1.9 percent. The 12-month change in the index for all items less food and energy remained at 1.7 percent for the fourth month in a row, according to the report.
Market expectations for a Fed rate hike in December stood at 50.9 percent, according to the CME Group's FedWatch tool.
The Fed is scheduled to announce its latest decision on monetary policy next week. While the central bank is not expected to announce a rate hike, it is expected to start unwinding its massive portfolio that has amounted to 4.5 trillion dollars.
In late New York trading, the euro increased to 1.1939 dollars from 1.1918 dollars in the previous session, and the British pound increased to 1.3571 dollars from 1.3400 U.S. dollars in the previous session. The Australian dollar increased to 0.8000 dollar from 0.7990 dollar.
The dollar bought 110.89 Japanese yen, higher than 110.53 yen of the previous session. The U.S. dollar was down to 0.9600 Swiss franc from 0.9642 Swiss franc, and it inched up to 1.2188 Canadian dollars from 1.2187 Canadian dollars.
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