Dollar weakens

AFP, NEW YORK: The US dollar fell against the euro and yen Friday as US data and comments from the Federal Reserve pointed to falling inflation expectations.
The dollar slipped to $1.0916 per euro and to 116.96 yen at about 2200 GMT.
The move came after the US retail sales data for December showed weakness in consumer spending, and wholesale prices fell a third straight month.
It raised some concern that the Fed’s predictions in December when it raised interest rates, that inflation would begin picking up toward its target, were overly optimistic amid continuing falls in commodity prices, especially oil.

Dollar weakens

AFP, NEW YORK: The US dollar fell against the euro and yen Friday as US data and comments from the Federal Reserve pointed to falling inflation expectations. The dollar slipped to $1.0916 per euro and to 116.96 yen at about 2200 GMT. The move came after the US retail sales data for December showed weakness in consumer spending, and wholesale prices fell a third straight month. It raised some concern that the Feds predictions in December when it raised interest rates, that inflation would begin picking up toward its target, were overly optimistic amid continuing falls in commodity prices, especially oil.