Euro falls against U.S. dollar in New York markets

08:53, June 12, 2010      

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The euro fell against the U.S. dollar on Friday despite a weak report on U.S. retail sales.

According to the U.S. Commerce Department, retail sales tumbled 1.2 percent, the biggest and first drop since September, as consumers pulled back their spending from cars to clothing, while analysts were expecting a moderate jump.

The Thomson Reuters/University of Michigan preliminary index of consumer sentiment increased to 75.5, the highest since January 2008, from 73.6 in the previous month.

The euro dropped to 1.2077 dollars in late trading from 1.2095 dollars late Thursday.

The British pound fell to 1.4514 dollars from 1.4702 dollars, while the dollar rose to 91.60 Japanese yen from 91.20 yen.

In other late trading Friday, the dollar rose to 1.0370 Canadian dollars from 1.0317 Canadian dollars, and gained to 1. 1505 Swiss francs from 1.1450 francs.

Source:Xinhua

(Editor:黄蓓蓓)

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