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U.S. dollar declines amid weak data

2019-10-17 05:34

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NEW YORK, Oct. 16 (Xinhua) -- The U.S. dollar declined on Wednesday after U.S. retail sales data disappointed investors.

U.S. retail and food services sales for September declined 0.3 percent to 525.6 billion dollars from the previous month, marking the first retreat in seven months, the U.S. Commerce Department said on Wednesday.

The disappointing reading came as household spending pulled back primarily on building materials, motor vehicles and gasoline, according to the department.

The dollar index, which measures the greenback against six major peers, fell 0.29 percent at 98.0032 in late trading.

In late New York trading, the euro was up to 1.1073 dollars from 1.1034 dollars in the previous session, and the British pound rose to 1.2837 dollars from 1.2781 U.S. dollars in the previous session. The Australian dollar rose to 0.6761 dollar from 0.6752 dollar.

The U.S. dollar bought 108.76 Japanese yen, lower than 108.84 Japanese yen of the previous session. The U.S. dollar decreased to 0.9947 Swiss franc from 0.9986 Swiss franc, and it was down to 1.3193 Canadian dollars from 1.3203 Canadian dollars.
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