India, Feb. 14 -- The U.S. dollar extended decline against its major counterparts in the New York session on Friday, after the release of weaker-than-expected retail sales data for January.
Data from the Commerce Department showed that retail sales slid by 0.9 percent in January after climbing by an upwardly revised 0.7 percent in December.
Economists had expected retail sales to edge down by 0.1 percent compared to the 0.4 percent increase originally reported for the previous month.
Excluding a 2.8 percent plunge in sales by motor vehicle and parts dealers, retail sales declined by 0.4 percent in January after advancing by an upwardly revised 0.7 percent in December.
The pullback surprised economists, who had expected ex-auto sales to ...