NEW YORK, July 21 (Xinhua) — The U.S. dollar strengthened on Friday as buyers had been ready for the Federal Open Market Committee (FOMC) assembly subsequent week.
The dollar index, which measures the dollar in opposition to six main friends, elevated 0.19 p.c to 101.0724 in late buying and selling.
The Canadian dollar declined versus the dollar after Canadian retail gross sales information got here out decrease than anticipated.
Canadian retail gross sales had been flat in June, in accordance with an advance estimate from Statistics Canada launched on Friday, which adopted a 0.2 p.c improve a month earlier, lacking the 0.5 p.c acquire anticipated by economists in a Bloomberg survey.
The U.S. dollar was as much as 1.3202 Canadian {dollars} from 1.3178 Canadian {dollars} in late buying and selling.
Meanwhile, the British pound gained, pushed by upbeat British retail gross sales information.
The British gross sales volumes in June had been 0.7 p.c greater than the earlier month, the Office for National Statistics of UK stated on Friday, which was a much bigger improve than the 0.2 p.c forecast by economists.
In late New York buying and selling, the British pound was as much as 1.2859 U.S. {dollars} from 1.2858 {dollars}, and the euro fell to 1.1124 U.S. {dollars} from 1.1126 {dollars}.
The U.S. dollar purchased 141.8090 Japanese yen, greater than 140.1930 Japanese yen of the earlier session. The U.S. dollar was all the way down to 0.8661 Swiss francs from 0.8671 Swiss francs, and it was as much as 10.3879 Swedish krona from 10.3550 Swedish krona.