India, Feb. 14 -- The U.S. dollar stayed weak against most of its major counterparts on Friday, as data showed retail sales dropped more than expected in the month of January.
According to the report released by the Commerce Department, retail sales slid by 0.9% in January, after a 0.7% jump in December 2024.
Retail sales were expected to edge down by 0.1% in January, compared to the 0.4% increase originally reported for the previous month.
A separate report from the Federal Reserve showed industrial production rose by more than expected in January, although the increase was largely due to a weather-related surge by utilities output.
The Fed said industrial production climbed by 0.5% in January after jumping by an upwardly revised 1% in...