NEW YORK (Thomson Financial) - The U.S. Dollar Index got a lift after the
release of better-than-expected retail sales data for January.
The index, which tracks the greenback against the currencies of a number of
the U.S.'s major trading partners, was last up 0.09 ticks, or 0.1%, at 76.405.
Just prior to the release of the data, the index was trading around 76.33.
Against the Japanese yen, the buck was changing hands at a one-month high of
107.92, vs. pre-data levels of around 107.52. The euro was trading at $1.4572
vs. the dollar, compared with pre-data levels of about $1.4583.
The U.S. Commerce Department said January retail sales rose 0.3%, vs. the
median estimate of economists surveyed by IFR Markets for a decline of 0.3%.
Excluding autos, sales rose 0.3% to the highest level seen since November,
topping economist expectations of 0.2% growth.
Tomi Kilgore
tk1
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