The dollar strengthened sharply Friday against the euro after a surprisingly strong reading on U.S. retail-sales growth calmed worries about slowing economic growth while bolstering the Federal Reserve’s case for raising interest rates twice this year.
The dollar climbed to its highest level in over a month after a strong U.S. retail-sales report soothed some concerns over the health of the economy.
The dollar climbed to a two-week peak against a basket of currencies on Friday, as stronger-than-expected US economic data appeared to boost expectati
Hot now TOKYO: The dollar held to gains against the yen and euro on Friday, awaiting U.S. data later in the day that could set the greenback's tone. The dollar was little changed at 108.86 yen...
Reuters Manila Gold edged higher on Friday after losing more than 1 percent in the prior session, but was on track for its biggest weekly decline since March as a firmer U.S. dollar cut the...
The dollar rose to the highest in more than a month after data showed April retail sales increased by the most in a year, re-igniting speculation the Federal Reserve may raise interest rates this year.
The dollar is in trouble on this Friday the 13th — no matter how the much-anticipated report on retail sales looks. So says our call. Meanwhile, retail stocks look awful, but our chart highlights one of this week’s stock-market winner.
After Lucky Friday 13 the USD to Cool With Dovish FOMC Minutes and Low Inflation Friday the 13 is usually considered an unlucky day but the USD rally was given