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The U.S. dollar remained broadly higher vs other major currencies close to a peaks as the release of U.S. data boosted optimism over the strength of the economy. Subscribe to Forex Signals by FxPremiere today and get one 1 week extra free.
EUR/USD dropped 0.56% to 1.0994 close to Thursday’s more than two month trough of 1.0985.
Data on Friday showed that U.S. retail sales rose 0.8% in September 2016 in line with expectations and after a revised 0.6% fall the previous months.
Forex Signals Learning – Core retail sales excluding automobiles increased by 0.8% last month beating expectations for a 0.7% gain.
USD/JPY advanced 0.77% to trade at 104.44% re-approaching more than two-month peak of 104.68.
EUR/USD dropped 0.38% to 1.1019, close to more than two month trough of 1.0983.
USD/JPY gained 0.50% to trade at 104.29, re-approaching more than two-month peak of 104.69.
GBP/USD dropped 0.28% to 1.2227, while USD/CHF edged up 0.17% to 0.9880.