Markets

Dollar holds gains as US retail sales beat forecast in June

NEW YORK: The dollar held its earlier gains versus a basket of currencies on Tuesday as data showed US retail sales
Published July 16, 2019

NEW YORK: The dollar held its earlier gains versus a basket of currencies on Tuesday as data showed US retail sales grew more than expected in June, soothing concerns about consumer spending slowing in the third quarter.

At 8:44 a.m. (1244 GMT), an index that tracks the greenback versus six other currencies was up 0.37% at 97.291 after touching 97.332 earlier, which was its highest in four sessions.

Copyright Reuters, 2019

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