General

US Dollar Weakens Amid Gloomy Economic Data

Author : NewsGram Desk

The US dollar declined as the allure of the greenback diminished amid a slew of downbeat economic data.

In late New York trading on Thursday, the euro rose to $1.1299 from $1.1269 in the previous session, and the British pound decreased to $1.2801 from $1.2850 in the previous session, Xinhua news agency reported.

The Australian dollar rose to $0.7105 from $0.7094.

The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars.

The Australian dollar rose to $0.7105 from $0.7094. Pixabay

US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.

The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.

The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading. (IANS)

Subscribe to our channels on YouTube and WhatsApp

Download our app on Play Store

Nepal Flash Floods LIVE Updates: Death Toll Crosses 900, while 4247 People Remain Missing, Nepal Authorities Inform

Punjab Government Employees Declare their Month-long Protest Plans, Calls For Immediate Withdrawal of Show-Cause Notices Issued by the AAP Government

Punjabi Influencer Manjit Kaur Dies Weeks After Alleged Abduction and Burning; Autopsy Report Reveals She Was Seven Weeks Pregnant

Accused in Ankit Balyan Murder Case Killed in UP Police Encounter

Nepal's Best Trekking Specialists for Everest Base Camp and Annapurna Base Camp Hiking