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BCN-24
US-FOREX
U.S. dollar declines amid weak data
NEW YORK, Oct. 17, 2019 (BSS/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.
BSS/XINHUA/HR/1330