U.S. dollar retreats amid economic data

Source: Xinhua| 2017-10-14 04:31:14|Editor: yan
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NEW YORK, Oct. 13 (Xinhua) -- The U.S. dollar extended losses against most major currencies on Friday, as investors mainly digested the newly-released economic data.

U.S. Labor Department said on Friday its Consumer Price Index for All Urban Consumers rose 0.5 percent in September on a seasonally adjusted basis. Over the last 12 months, the all items index was 2.2 percent up.

U.S. retail sales were lower than expected in September but recovered from the prior month's 0.2 percent slide.

The Commerce Department said on Friday the advance estimates of U.S. retail and food services sales for September 2017, adjusted for seasonal variation and holiday and trading-day differences but not for price changes, were 483.9 billion dollars, an increase of 1.6 percent from the previous month, and 4.4 percent above September 2016.

The consumer sentiment index, a survey of consumers by The University of Michigan, rose to 101.1 in October, far exceeding economists' expectation of 95.

In late New York trading, the euro decreased to 1.1819 dollars from 1.1843 dollars in the previous session, and the British pound increased to 1.3291 dollars from 1.3281 U.S. dollars in the previous session. The Australian dollar increased to 0.7885 dollar from 0.7831 dollar.

The dollar bought 111.87 Japanese yen, lower than 112.20 yen of the previous session. The U.S. dollar lost to 0.9744 Swiss franc from 0.9748 Swiss franc, and it was up to 1.2482 Canadian dollars from 1.2460 Canadian dollars.

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