U.S. Dollar Strengthens

The U.S. dollar rose in Asia on Friday, having made a solid comeback overnight on upbeat retail sales data while the Australian dollar took a battering following more jawboning from the country’s central bank chief.

The dollar index last traded at 80.216, pulling further away from a six-week low of 79.757 plumbed on Wednesday. The euro slipped to $1.3748 from a six-week high of $1.3811, snapping six-straight sessions of gains.

Not helping the common currency, data showed euro zone industrial output fell in October at its steepest monthly rate in more than a year.


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