U.S. retail sales unexpectedly increased in August, rising 0.7% from the previous month despite expectations of a 0.8% fall, while a business sentiment survey by the Philadelphia Fed also showed a big improvement. The dollar index stood at 92.865, near Thursday’s three-week high of 92.965. The euro hit a three-week low of $1.17505 overnight and last traded at $1.1769. The common currency also hit a three-week low of 128.61 yen and one-month low of 0.8501 British pound, before recovering some losses. Elsewhere, sterling eased to $1.3795 while the Australian dollar traded at $0.7294 after touching a three-week low of $0.7274 in the previous session.

Source: MetroXpress September 17, 2021 00:56 UTC