U.S. Dollar Enjoys Rally

The dollar recovered after three days of losses on Thursday, further boosted by strong U.S. retail sales numbers and declining jobless claims, suggesting the world’s largest economy remained on track for an interest rate hike next year.

The greenback was on the road to recovery anyway after being sold off the last few days, and the upbeat data only reinforced the currency’s positive momentum.

Data on Thursday showed that retail sales excluding automobiles, gasoline, building materials and food services increased 0.6 percent last month after rising 0.5 percent in October.


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