AP News

Dollar rallies as US retail sales rise


NEW YORK (AP) — The dollar is rallying against most major currencies after retail sales rose last month.

The Commerce Department says that retail sales rose 1.1 percent in September to a seasonally adjusted $412.9 billion.

The euro fell to $1.2938 in afternoon trading from $1.2958 late Friday. The British pound fell to $1.6064 from $1.6073.

The dollar rose to 78.71 Japanese yen from 78.38 Japanese yen and to 0.9340 Swiss franc from 0.9329 Swiss franc.


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