The U.S. dollar traded firm against its major counterparts on Tuesday, riding on data showing a bigger than expected increase in retail sales in the U.S. in October, and a report showing a notable expansion in the country's industrial production.
According to a report released by the Commerce Department, retail sales spiked by 1.7% in October after climbing by an upwardly revised 0.8% in September. Economists had expected retail sales to jump by 1.4% compared to the 0.7% increase originally reported for the previous month.
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