FOREX-Dollar index jumps after U.S. retail sales show surprise rebound - NewsBreak

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By Alexdemarco in Business
Updated 3 years ago

(Updates to after U.S. retail data, changes dateline, previous LONDON) * U.S. retail sales show surprise rebound in August * Weekly U.S. jobless claims slightly above expectations By Caroline Valetkevitch NEW YORK, Sept 16 (Reuters) - The dollar hit a near 3-week high against a basket of currencies on Thursday after data showed U.S. retail sales unexpectedly increased in August, easing some concerns about a sharp slowdown in economic growth. The dollar index, which measures the U.S. currency against six others, added to gains following the report and was last up 0.5% at 92.923. It hit its highest level since Aug. 27. Retail sales rose 0.7% last month, boosted in part by back-to-school shopping and child tax credit payments, while data for July was revised down. A separate report showed U.S. initial claims for state unemployment benefits increased 20,000 to a seasonally adjusted 332,000 for the week ended Sept. 11. Economists had forecast 330,000 applications for the latest week. "If yo

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