14 September 2007, 17:17  Dollar falls

The dollar fell after figures this afternoon showed retail sales rose by just half what the market had forecast and revealed an unexpected fall in sales excluding autos. Official figures showed US retail sales rose by 0.3 pct in August, below the 0.6 pct increase analysts had expected. Excluding autos, retail sales fell by 0.4 pct against forecasts for a 0.1 pct rise. At 12.33 pm GMT, the euro was trading at 1.3890 against the dollar, up from 1.3876 just prior to the data release. Against the yen, the dollar fell to 114.40 from 114.83 yen previously.

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