Dollar Rises a Third Day as China Slowdown Enhances U.S. Appeal

April 13, 2015 1:39 PM

53 0

The dollar strengthened for a third day as signs of cooling in China’s economy highlighted the diverging fortunes of the world’s two biggest economies.

The greenback advanced before a report Tuesday forecast to show U.S. retail sales increased by the most in a year, bolstering the case for the Federal Reserve to raise interest rates in 2015. The yuan and commodity currencies fell, led by Australia’s dollar, as a slump in trade growth amplified conc...

Also read: Japanese teen Uno wins Skate America

Read more

To category page