The U.S. dollar firmed against the euro and yen Friday after better-than-expected retail sales suggested consumer spending—the biggest driver of the economy—was stronger than expected in January.However, the greenback’s Friday gains didn’t prevent it from posting its second straight weekly decline against major rivals against the backdrop of panicky global stock markets, and doubt that the Federal Reserve will raise rates in 2016.
The ICE Dollar Index DXY, +0.38% a measure of the dollar against a basket of major currencies, was up 0.4% at 95.97, but was down 1% over the week.
The greenback USDJPY, +0.74% rose to ¥113.26 in recent trade, compared with ¥112.29 late Thursday in New York. The euro traded at EURUSD, -0.6093% $1.1255, compared with $1.1316 Thursday.
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