The US dollar witnessed a noticeable rise yesterday, Thursday, reaching its highest level in 11 weeks after new data showed that US retail sales rose by 0.4% during last September.
This increase was slightly more than expected, as economists polled by Reuters expected the increase to be 0.3%.
According to Reuters, this rise reflects confidence in the strength of the US economy, especially after retail sales in August showed a slight increase of 0.1%.
Noticeable movements in global currencies
The dollar index rose by 0.16% to reach 103.70 in the latest trading, after touching the level of 103.87 earlier in the session, which is its highest level since the second of last August.
On the other hand, the euro fell by 0.25% to $1.0834, its lowest level since August. The Japanese yen also witnessed a decline of 0.07%, reaching 149.76 per dollar, after reaching its lowest level since August.
In another context, the Australian dollar rose by 0.36% to reach $0.669 after employment data in the country exceeded expectations for the sixth month in a row.
