Dollar narrows Investors eyeing US economic numbers | RYT9

The dollar index, which measures the movement of the dollar against the six major currencies in a basket of currencies. narrow adjustment today While investors keep an eye on the US economic numbers

As of 10:53 p.m. PST, the dollar was 0.55% to 114.29 yen, while the euro was up 0.52% to 132.47 and was down 0.01% to $1.159. The dollar index was up 0.04% to 93.99.

The dollar index is likely to decline this week for the first time since early September. After reaching the highest level in one year

The dollar has surged since September on expectations that the Federal Reserve will tighten monetary policy sooner than expected. Amid rising energy prices and economic recovery

Minutes of the Fed meeting signal that the Fed may cut its credit in its quantitative easing (QE) bond-buying program this year and possibly raise interest rates in the middle of next year.

The US Commerce Department said Retail sales rose 0.7% in September, contrary to analysts’ expectations for a 0.2% decline, after a 0.9% gain in August.

Although retail sales rebounded in September But investors worry that supply tightness will affect consumer spending during the holiday season.

Basic retail sales Sales, which exclude cars, oil, building materials and food, rose 0.8 percent in September after a 2.6 percent jump in August.