Positive stability of the dollar after the release of economic data

 The dollar settled against most of the major currencies in positive trading today, Friday, following the release of better-than-expected economic data.

Economic data released today revealed that the retail sales index in America rose by 0.7% during the past month, while analysts' expectations indicated a decrease of 0.2%, and the index rose by its core value, excluding volatile goods, by 0.8%, exceeding expectations for an increase of 0.5%.

And the announcement of the season of quarterly business results for companies continues in the United States, as some banks announced higher profits and revenues than expectations in the third quarter, in reference to the economic recovery from the pandemic.

The Fed revealed in its minutes released on Wednesday of its September meeting that members discussed a plan to start reducing asset purchases of $15 billion a month starting in mid-November.

In terms of trading, the dollar index (which measures the performance of the US currency against a basket of major currencies) settled at 18:46 GMT at 93.9 points, and recorded the highest level at 94.07 points and the lowest level at 93.8 points.