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| Commodity News |
| HeadLine : |
Dollar stands tall on stronger U.S. data, hits fresh 8 month-high vs yen |
| Date : |
Jan 17 2020 |
U.S. retail sales increased for a third straight month in December and the number of Americans filing claims for unemployment benefits dropped for a fifth straight week last week, indicating the labor market remained strong. Other data showed a gauge of manufacturing activity in the U.S. Mid-Atlantic region rebounded in January to its highest in eight months, leading the Federal Reserve Bank of Philadelphia to call the factory outlook the brightest in more than 18 months. The dollar index, which tracks the greenback's strength against a basket of six major currencies, last stood at 97.308, up 0.1% on the day. China will release its GDP figures later in the day, along with December factory output, retail sales and fixed-asset investment.
Source : Reuters
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