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

₹865 Crore in Cash, Liquor, Drugs Seized in Bengal and Tamil Nadu Ahead of Polls: ECI

Tensions Boil Over in Manipur as Protesters Clashing with Security Forces Near the Chief Minister's Residence Demand Immediate Action Against Resurgent Armed Militancy

Parliament Budget Session LIVE: Constitutional Amendment Rejected, Consideration of Delimitation and Women's Reservation Suspended

Kerala Restaurant Owner of Mehr Mandi & Grills Arrested Over Viral Vishu Poster Depicting Lord Krishna with a Non-Vegetarian Dish

Iran Opens Strait of Hormuz During Ceasefire, Tehran Warns Against U.S. Navy Blockade