The dollar index (DXY00) Friday rose +0.06%. The dollar Friday recovered from early losses and posted modest gains on stronger-than-expected US economic news that included Oct retail sales and the Nov Empire manufacturing survey. Also, hawkish comments from Boston Fed President Collins boosted the dollar when she said a December interest rate cut by the Fed isn't a "done deal." Long liquidation pressures weighed on the dollar after the dollar had risen in six consecutive sessions to a 1-year high Thursday.
US Oct retail sales rose +0.4% m/m, stronger than expectations of +0.3% m/m, and Sep was revised higher to +0.8% m/m from the previously reported +0.4% m/m.
