US dollar weakens amid gloomy economic data
The US dollar bought 110.47 Japanese yen, lower than 110.99 Japanese yen of the previous session. The US dollar was down to 1.0047 Swiss franc from 1.0088 Swiss franc, and it increased to 1.3281 Canadian dollars from 1.3250 Canadian dollars. US retail sales in December fell 1.2 per cent from the prior month, the worst drop in nine years, the Commerce Department reported on Thursday.
The unexpected decline, which came after a downwardly revised 0.1 per cent increase in November, signals a weaker economic momentum.
The dollar index, which measures the greenback against six major peers, fell 0.15 per cent at 96.9817 in late trading.
--IANS pgh/