U.S. retail sales increased significantly after two consecutive months of monthly declines.
Implying that the Federal Reserve will maintain higher interest rates for some time.
Last month, retail sales increased 3.0% in the U.S. . As previously reported, data for December did not reflect a change in sales of 1.1%. Economists surveyed by Reuters predicted a 1.8% increase in sales, with estimates ranging from 0.5% to 3.0%.
To 133.91 yen, the dollar rose 0.6% against the yen.
In the meantime, the euro extended its losses against the dollar, trading at $1.0692, down 0.4%.
Additionally, the dollar index increased by 0.5% to 103.78.
