Markets

Dollar extends losses vs yen after US retail sales data

Published July 16, 2012 Updated July 16, 2012 12:54pm

U.S retail sales fell 0.5 percent last month where economists had expected a gain of 0.2 percent. Ex-autos, sales dropped 0.4 percent.

The dollar fell to session lows against the yen after the data to 78.84 yen. It was last at 78.88, down 0.4 percent.

The euro, meanwhile, trimmed losses, rising to $1.2214 , still down 0.3 percent on the day, from about $1.2182 just before the data.

Copyright Reuters, 2012