Investing.com - The dollar remained near four-month lows against other major currencies on Friday, despite the release of mostly positive U.S. reports on retail sales and inflation.
The U.S. Commerce Department said that retail sales rose 0.4% in December, in line with expectations. Core retail sales, which exclude automobile sales, increased by 0.4%, also in line with expectations.
Core CPI, which excludes food and energy costs, rose 0.3% last month, above expectations for a 0.2% gain.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.56% at 91.15 by 08:45 a.m. ET (12:45 GMT), not far from a fresh four-month low of 91.03 hit earlier in the session.
The single currency remained strongly supported after the European Central Bank said it could consider a gradual shift in guidance from early 2018, according to the minutes of its December meeting.
Meanwhile, USD/CAD rose 0.24% to trade at 1.2549.
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