Dollar up on better-than-expected US retail sales

  • Associated Press
  • January 15, 2013 - 4:14 PM

NEW YORK - An increase in retail sales last month pushed the dollar higher against most major currencies Tuesday.

The Commerce Department said that retail sales rose 0.5 percent in December from November. That's better than the 0.2 percent rise economists expected.

The euro fell to $1.3299 in late trading Tuesday from $1.3378 late Monday.

The British pound fell to $1.6061 from $1.6082.

The dollar rose to 0.9321 Swiss franc from 0.9217 Swiss franc and to 98.43 Canadian cents from 98.38 Canadian cents.

The dollar fell to 88.83 Japanese yen from 89.41 Japanese yen after a governor of Japan's central bank pledged to take action to combat the weakening yen.

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