Investing.com - The dollar continued to fall to four-month lows against other major currencies on Friday, despite U.S. economic data.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.65% at 91.06 by 11:08 a.m. ET (16:08 GMT), not far from a fresh four-month low of 91.03 hit earlier in the session.
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.
A separate report showed that that the U.S. consumer price index rose 0.1% in December, below forecasts for a 0.2% increase.
Core CPI, which excludes food and energy costs, rose 0.3% last month, above expectations for a 0.2% gain.
The euro was also supported by the European Central Bank saying it could consider a gradual shift in guidance from early 2018, according to the minutes of its December meeting.
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