The United States dollar rose on Wednesday against other major global currencies following a retail sales report that traders seemingly interpreted as a sign that the Federal Reserve will stick to monetary policy tightening in the foreseeable future.
The euro decreased 0.49% compared to the greenback, going for 1.06855 at 9:13 am ET and the British pound lost 1.28% against the dollar, changing hands for 1.20219 at the same time. The US currency was 0.66% higher than the Japanese yen, trading for 133.917 at 9:14 am ET.
