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U.S. dollar mixed amid economic data

Xinhua, January 14, 2017 Adjust font size:

The U.S. dollar traded mixed against other major currencies on Friday as investors were digesting the country's retail sales data.

The U.S. Commerce Department said Friday that retail sales increased 0.6 percent in December, while November's retail sales were revised up to show a 0.2 percent rise instead of the previously reported 0.1 percent gain.

Analysts said the data suggested the Federal Reserve would follow through with its forecast for three projected rate hikes this year. The U.S. central bank's rate hikes are expected to boost the dollar by driving investment flows into the country.

Meanwhile, doubts about whether U.S. President-elect Donald Trump could impose economic stimulus plans as he promised still lingered.

The dollar index, which tracks the greenback against six major peers, was down 0.16 percent at 101.190 in late trading.

In late New York trading, the euro rose to 1.0640 dollars from 1.0638 dollars, and the British pound edged up to 1.2189 dollars from 1.2169 dollars. The Australian dollar decreased to 0.7496 dollars from 0.7504 dollars.

The dollar bought 114.46 Japanese yen, higher than 114.27 yen in the previous session. The dollar fell to 1.0088 Swiss francs from 1.0093 Swiss francs, and it edged up to 1.3131 Canadian dollars from 1.3126 Canadian dollars. Enditem