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

Cannes award-winning Iranian director Jafar Panahi receives 5 year sentence for advocating against the ruling regime

42 years since Indira Gandhi’s Assassination: Who were the assassins Beant Singh and Satwant Singh, and what happened to their families left behind

Why USDT Costs More Than Dollars in India

The Museum of the American Revolution in Philadelphia now speaks Ukrainian

Anthropic’s record US$2 trillion stock market listing highlights the growing risks for all of us