U.S. dollar retreats amid soft economic data

Source: Xinhua| 2019-02-16 06:30:49|Editor: yan
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NEW YORK, Feb. 15 (Xinhua) -- U.S. dollar declined on Friday as market participants digested a slew of downbeat data.

U.S. industrial production dipped 0.6 percent in January, the first drop in eight months, the Federal Reserve reported Friday. The reading missed market consensus.

U.S. import prices slid 0.5 percent in January, said the Department of Labor, following a 1.0-percent drop in December and a 1.7-percent decrease in November.

The gloomy data came after the Commerce Department reported Thursday that U.S. retail sales in December sank 1.2 percent from the prior month, the worst drop in nine years.

The dollar index, which measures the greenback against six major peers, fell 0.08 percent at 96.9037 in late trading.

In late New York trading, the euro fell to 1.1295 dollars from 1.1299 dollars in the previous session, and the British pound was up to 1.2886 dollars from 1.2801 U.S. dollars in the previous session. The Australian dollar was up to 0.7139 dollar from 0.7105 dollar.

The U.S. dollar bought 110.44 Japanese yen, lower than 110.47 Japanese yen of the previous session. The U.S. dollar increased to 1.0049 Swiss franc from 1.0047 Swiss franc, and it decreased to 1.3250 Canadian dollars from 1.3281 Canadian dollars.

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