The U.S. dollar firmed against its major rivals on Thursday after data showing an unexpected increase in retail sales in the month of August raised hopes the Fed might consider reducing bond purchases this year.
The Commerce Department's data showed retail sales climbed by 0.7% in August after plunging by a revised 1.8% in July. Economists had expected retail sales to decrease by another 0.8% following the 1.1% slump originally reported for the previous month.
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