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The dollar index, a gauge of its value against
six major currencies, fell after two straight days of gains. For
the month of February, the dollar index was down 0.5 percent, on
track for its first monthly loss in eight months.
U.S. retail sales fell 0.8 percent last month, while jobless
claims rose above 300,000 in the latest week
"There's obviously disappointment over the weak headline
numbers, although these numbers should not alter rate hike
expectations to any significant degree," said Shaun Osborne,
chief currency strategist, at TD Securities in Toronto.
"Most of what Fed governors are telling us seems to be that the
second half of the year is a good time to expect the first hike.
They won't react to one or two numbers."
In mid-morning New York trading, the dollar index was down 0.7
percent to 94.33 <.DXY>.
The dollar fell 1.1 percent against the yen to 119.12 <JPY=>.
The euro rose to one-week highs versus the dollar and was last
up 0.4 percent at $1.1380 <EUR=>.
"Even with the soft U.S. numbers, euro/dollar is struggling to
hold on to their highs," said TD's Osborne.
"I don't expect the euro to do that much better. The
stabilization we have seen is really just a result of being
oversold longer term."
The euro got a little bit of a break after the European Central
Bank extended emergency liquidity assistance of about 5 billion
euros for Greek banks, but the fate of Greece's international
bailout deal still remains uncertain.
Greece's new leftist Prime Minister Alexis Tsipras told EU
leaders that the austerity plan is killing his economy and they
must find an alternative.
The Swedish crown fell to its weakest level since April 2009
against the dollar, which was last up 0.9 percent at 8.4554
crowns, after the country's central bank on Thursday cut its key
repo rate into negative territory.
Against the euro, the crown was down 1.4 percent, with the
single euro zone currency last trading at 9.6318 crowns.
(Reporting by Gertrude Chavez-Dreyfuss Editing by W Simon)
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