Dollar posts weekly decline as retail-sales disappoint

The dollar posted a slight weekly decline Friday against its main rivals after retail sales in the U.S. failed to accelerate as economists had hoped.

The ICE U.S. Dollar index DXY, -0.03% a measure of the greenback’s strength against a basket of six rival currencies, fell 0.2% this week to 98.9810.

Investors have been optimistic about the prospects of a Federal Reserve interest-rate increase in December ever since the Fed’s rate-setting committee suggested it was likely in its October policy statement. But despite this, the dollar’s gains have happened in short bursts, with bouts of sideways trading in between.

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