Wed, 18 May 2022

U.S. dollar rebounds following 3-day losing streak

Xinhua
15 Jan 2022, 07:30 GMT+10

NEW YORK, Jan. 14 (Xinhua) -- The U.S. dollar rose in late trading on Friday, snapping a three-day losing streak.

The dollar index, which measures the greenback against six major peers, increased 0.39 percent at 95.1673.

In late New York trading, the euro was down to 1.1415 U.S. dollars from 1.1460 dollars in the previous session, and the British pound decreased to 1.3676 dollars from 1.3718 U.S. dollars in the previous session. The Australian dollar decreased to 0.7208 U.S. dollar from 0.7288 dollar.

The U.S. dollar bought 114.14 Japanese yen, higher than 114.06 Japanese yen of the previous session. The U.S. dollar increased to 0.9137 Swiss franc from 0.9107 Swiss franc, and it increased to 1.2560 Canadian dollars from 1.2488 Canadian dollars.

The above market moves came after the U.S. dollar index declined 1.24 percent over Tuesday to Thursday amid heavy selling pressure.

On the economic front, U.S. retail sales in December dropped by 1.9 percent from the previous month, marking the largest monthly decline since February, the Commerce Department reported Friday. Economists polled by The Wall Street Journal had forecast a 0.1-percent decline in December retail sales.

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