Dollar enjoys strength on retail figures
May 12, 2005
The US dollar was up in relation to the euro, the yen, sterling, and the Australian dollar in Thursday’s mid-day trading in New York as strong retail sales figures added to previous good news on employment and trade.
The dollar reached a six-month high against the euro as it rose 0.8 percent to $1.2706; it was also up 0.9 percent in relation to the yen, to ¥106.68, a three-week high.
US currency was also up in relation to sterling, rising 0.3 percent to $1.8658, a six-week high, and it advanced 0.9 percent in relation to the Australian dollar, to $0.7664.