Dollar struggles in Asia after lift from US retail sales

AFP, TOKYO: The dollar dipped against the yen and euro Friday after getting a lift from a solid US retail sales report that boosted expectations for a Federal Reserve rate hike as early as next month.
In Tokyo, the greenback changed hands at 124.38 yen, easing from 124.43 yen in US trading, while the euro fell on disappointing growth figures from the EU's top economies.
The single currency dipped to $1.1150 from $1.1152, and 138.63 yen against 138.77 yen, after weak GDP data from France and Germany raised fresh concerns about the bloc's economic health. But in the US, fresh data Thursday showing retail sales rose 0.6 per cent in July from June, above analyst estimates, added to the brightening outlook for the world's top economy.

Dollar struggles in Asia after lift from US retail sales

AFP, TOKYO: The dollar dipped against the yen and euro Friday after getting a lift from a solid US retail sales report that boosted expectations for a Federal Reserve rate hike as early as next month. In Tokyo, the greenback changed hands at 124.38 yen, easing from 124.43 yen in US trading, while the euro fell on disappointing growth figures from the EUs top economies. The single currency dipped to $1.1150 from $1.1152, and 138.63 yen against 138.77 yen, after weak GDP data from France and Germany raised fresh concerns about the blocs economic health. But in the US, fresh data Thursday showing retail sales rose 0.6 per cent in July from June, above analyst estimates, added to the brightening outlook for the worlds top economy.