Investing.com – The u.s. dollar reached on Tuesday the best levels of the day, nearing the highest of the four and a half months last week after a report on retail sales slightly stronger than expected in the United States.
The dollar index, which measures the greenback’s strength against a basket of six major currencies, was up 0.58% to 93,09 to 08h50 (12h51 GMT), nearing the highest of the last Wednesday of 93,26, the most since December 19.
The Commerce Department reported that retail sales rose 0.3% in April, the figure of the previous months has been revised to 0.8%, against 0.6% previously.
Retail sales have increased by 0.3% last month, but the figure for April was revised up to 0.4%, from 0.2% previously.
The report indicates that consumption expenditures are on track to rebound after a period of slowdown in the first quarter.
The data have contributed to the rise in yields on u.s. Treasury bills, the Treasury yield us 10-year up to 3,047%, the highest since the beginning of 2014 on the increase in inflation expectations.
The dollar climbed to the highest in three months against the yen, with USD / JPY rising 0.51% to 110,21.
The euro declined to a low of one week, with EUR / USD falling 0.68% to 1,1846.
Earlier on Tuesday, a report confirmed that the growth of the economy of the euro area had slightly slowed down in the first quarter, underlining the prudence of the european central Bank about the reduction of stimulus measures.
The british pound was also lower against the dollar, with GBP / USD losing 0.55 percent to trade at 1,3481, near the hollow of 1,3459 of four months from Thursday.
The last jobs report in the United Kingdom last Tuesday (a little boosted expectations of a rate rise by Bank of England, showing that unemployment has remained stable while wage growth has increased slightly in the three months prior to April. .
The australian dollar recorded the largest decline against its u.s. counterpart among major currencies, with the AUD / USD to 0,7465, down 0.82% for the day.
During this time, NZD / USD was down 0.55% to 0,6873, a level not seen since mid-December.