NEW YORK (CNNMoney.com) -- The dollar turned higher Friday after data showed U.S. retail sales were surprisingly weak in May, sparking risk aversion.
What prices are doing: The greenback gained 0.5% against the euro at $1.2062 and added 1.4% against the British pound to $1.4513. The dollar also gained against the Japanese yen, rising 0.3% to ¥91.63.
 |
| Click the chart to view other foreign exchange rates. |
On Thursday, the euro rose 0.9% against the dollar after the European Central Bank said it would maintain its liquidity measures, easing some fears of debt crisis in the zone.
Earlier in the week the euro fell to $1.18, a level not seen since the currency's debut on Jan. 4, 1999.
What's moving the market: The dollar had been close to flat early Friday, but at 8:30 a.m. ET the Commerce Department released a disappointing retail sales report for May.
Sales fell by 1.2% last month, but economists expected them to have risen 0.3%. Sales excluding autos, a figure that aims to strip out volatility, fell by 1.1%. They were expected to have risen 0.1%.
The downbeat report sparked concerns that the U.S. recovery is not yet in swing, which sent investors to the safe-haven dollar.
Consumer spending accounts for two-thirds of U.S. economic activity, so reports such as retail sales are closely watched to gauge recovery progress.
A slew of data is slated to come out from the euro zone next week.
Monday is a report on industrial production estimates for April; Tuesday is the first-quarter employment report; Wednesday is first-quarter labor costs; Thursday the ECB will publish its monthly report and April's construction spending data will be released. 
| Overnight Avg Rate | Latest | Change | Last Week |
|---|---|---|---|
| 30 yr fixed | 3.80% | 3.88% | |
| 15 yr fixed | 3.20% | 3.23% | |
| 5/1 ARM | 3.84% | 3.88% | |
| 30 yr refi | 3.82% | 3.93% | |
| 15 yr refi | 3.20% | 3.23% |
Today's featured rates:
| Index | Last | Change | % Change |
|---|---|---|---|
| Dow | 32,627.97 | -234.33 | -0.71% |
| Nasdaq | 13,215.24 | 99.07 | 0.76% |
| S&P 500 | 3,913.10 | -2.36 | -0.06% |
| Treasuries | 1.73 | 0.00 | 0.12% |
| Company | Price | Change | % Change |
|---|---|---|---|
| Ford Motor Co | 8.29 | 0.05 | 0.61% |
| Advanced Micro Devic... | 54.59 | 0.70 | 1.30% |
| Cisco Systems Inc | 47.49 | -2.44 | -4.89% |
| General Electric Co | 13.00 | -0.16 | -1.22% |
| Kraft Heinz Co | 27.84 | -2.20 | -7.32% |
|
Bankrupt toy retailer tells bankruptcy court it is looking at possibly reviving the Toys 'R' Us and Babies 'R' Us brands. More |
Land O'Lakes CEO Beth Ford charts her career path, from her first job to becoming the first openly gay CEO at a Fortune 500 company in an interview with CNN's Boss Files. More |
Honda and General Motors are creating a new generation of fully autonomous vehicles. More |
In 1998, Ntsiki Biyela won a scholarship to study wine making. Now she's about to launch her own brand. More |
Whether you hedge inflation or look for a return that outpaces inflation, here's how to prepare. More |
