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US dollar mixed on economic data

IANS  |  New York 

The US traded mixed against other major currencies as investors were sifting through the latest economic data from the country.

Advance estimates of US retail and for February 2018 came in at $492 billion, a decrease of 0.1 per cent from the previous month, missing market consensus of a 0.4-per cent gain, the Commerce Department said on Wednesday.

In late trading, the euro decreased to $1.2374 from $1.2397 in the previous session, and the British pound fell to $1.3972 from $1.3977 in the previous session. The Australian increased to $0.7881 from $0.7867, reported.

The US bought 106.29 Japanese yen, lower than 106.64 Japanese yen of the previous session. The US dollar was up to 0.9448 Swiss franc from 0.9439 Swiss franc, and it decreased to 1.2941 Canadian dollars from 1.2942 Canadian dollars.

"Retail sales continue to disappoint, especially the biggest ticket auto and furniture components. GDP estimates will be revised down again," said Chris Low, at FTN Financial, in a note.

Meanwhile, the Price Index for final demand advanced 0.2 per cent in February, seasonally adjusted, in line with market estimates, the reported .

On an unadjusted basis, the final demand index increased 2.8 per cent for the 12 months ended in February.

The dollar index, which measures the greenback against six major peers, increased 0.06 per cent at 89.731 in late trading.



(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, March 15 2018. 07:16 IST