Dollar Rises as Traders Sell Euro Versus Greenback to Buy Pound
June 19 (Bloomberg) -- The dollar rose against the euro for the first time in four days after an unexpected surge in U.K. retail sales led traders to sell the 15-nation currency versus the greenback and buy the pound.
British sterling appreciated versus the euro and the dollar after a government report showed U.K. retail sales increased in May the most since records began in 1986. The Swiss franc retreated after the central bank left its target lending rate at 2.75 percent, one of the lowest among industrialized countries.
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