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U.S. dollar rises on strong data

2019-06-15 05:03

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NEW YORK, June 14 (Xinhua) -- The U.S. dollar rose on Friday after strong retail sales data lifted the sentiment.

U.S. retail sales increased in May and sales for the prior month were revised higher, easing investors' concerns over a sharp economic slowdown.

Advance estimates of U.S. retail and food services sales for May, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were 519 billion U.S. dollars, an increase of 0.5 percent from the previous month, and 3.2 percent above May 2018, the Commerce Department said on Friday.

The dollar index, which measures the greenback against six major peers, was up 0.58 percent at 97.5702 in late trading.

In late New York trading, the euro was down to 1.1208 dollars from 1.1279 dollars in the previous session, and the British pound was down to 1.2584 dollars from 1.2682 U.S. dollars in the previous session. The Australian dollar was down to 0.6866 dollar from 0.6916 dollar.

The U.S. dollar bought 108.56 Japanese yen, higher than 108.32 Japanese yen of the previous session. The U.S. dollar increased to 0.9990 Swiss franc from 0.9933 Swiss franc, and it rose to 1.3416 Canadian dollars from 1.3325 Canadian dollars. Enditem

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