New York: motto United States Dollar (United States) fell late in trading Wednesday local time. This weakening occurred against the backdrop of a strengthening Euro and British Pound.
Launch xinhuaThursday, November 17, 2022, the dollar index, which measures greenbacks against a basket of six major currencies, it fell 0.12% to 106.2810.
At the end of trade in New York, the euro rose to 1.0394 American dollars from $1.0365 in the previous session. Meanwhile, the British pound rose to US$1.1913 from US$1.1873 in the previous session.
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The US dollar bought 139.34 Japanese yen, higher than 139.13 Japanese yen in the previous session. The US dollar fell from 0.9424 Swiss francs to 0.9441 Swiss francs and from 1.3285 Canadian dollars to 1.3329 Canadian dollars. The US dollar fell from 10.4530 Swedish kronor to 10.4822 Swedish kroner.
US economic data
On the other hand, economic data released on Wednesday was mixed. The US Commerce Department reported that US retail sales jumped 1.3% in October after remaining flat in September. Economists had expected retail sales to jump 1.0%.
The Federal Reserve announced that US industrial production fell 0.1% in October. While September’s increase was revised down to 0.1%.
The National Association of Home Builders’ monthly confidence index fell five points to 33 in November. It is an eleventh consecutive record month that the index has fallen.
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