Dollar climbs as traders focus on weak Chinese retail sales – ZAWYA

Dollar climbs as traders focus on weak Chinese retail sales – ZAWYA

dollar climbs as traders focus on weak chinese retail sales the dollar was trading neutral at 106.95    a u.s. dollar note is seen in this june 22, 2017 illustration photo.london  - the u.s. dollar strengthened on thursday as investors focused on poor chinese retail sales instead of its stronger than expected economic growth last quarter, with the focus now shifting more to a european union summit this weekend.the european central bank meeting later in the day will most likely be overshadowed by the summit, at which european countries are expected to vote on a 750 billion euro recovery fund proposed by the european commission to revive euro area growth.the euro was last trading down 0.1% at $1.1401, though against the safe-haven japanese yen, the dollar was trading neutral at 106.95.the european central bank meeting later in the day will most likely be overshadowed by the summit, at which european countries are expected to vote on a 750 billion euro recovery fund proposed by the european commission to revive euro area growth.london  - the u.s. dollar strengthened on thursday as investors focused on poor chinese retail sales instead of its stronger than expected economic growth last quarter, with the focus