LONDON, Sept 17 — The dollar held near three-week highs on Friday after better-than-expected retail sales numbers in the United States boosted bets on the strength of the US economy and earlier monetary policy tightening.
The figures helped to curb cautious views on the US economy after a tame consumer inflation reading and soft job growth data earlier this month, and revived expectations for an early tapering of its asset purchases by the Federal Reserve. Currency markets were generally quiet on Friday and traders were reluctant to put on new big positions ahead of a clutch of important central bank meetings next week including from the Fed, the Bank of Japan and the Bank of England.
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