Written by Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery. READ MORE »
Posts tagged us retailers
FOREX-Dollar, euro slip vs yen after U.S. retail data
* Dollar dips vs yen on retail sales data
* Euro eases as U.S. data, technicals limit gains
* Japan’s PM warns on public debt, default risks (Updates prices, adds comment, U.S. data, changes byline)
The dollar surrendered gains against the yen on Friday after data showing a surprise drop in U.S. retail sales last month dented risk appetite and raised questions about the strength of recovery. READ MORE »