Dollar rises in Asia with growing confidence in the American economy

The dollar hit a new high against the other currencies in Asia on Friday, after a report boosted retail sales in the United States investor confidence in the largest economy in the world.

The dollar hit 118.81 yen during afternoon trade-offs, compared with 118.65 yen in New York with significantly increased from 117.67 yen on Thursday in Tokyo.

According to Commerce Department figures, the US retail sales in November with the start of the shopping season for the year-end holiday period, recorded an increase of 0.7% from the previous month and 5.1% from the previous year.

The consumer spending about three-quarters of the US economy and the payoff figures new evidence that the road to recovery, which increases pressure on the Federal Reserve to raise interest rates faster than expected.

The performance of the euro mixed after falling because of disappointing sales proceeds of new loans from the European Central Bank to European banks Thursday.

The euro fell to $ 1.2396 Friday from 1.2410 in New York, rising to 147.28 yen compared with 147.24.

He said the bank "National Bank of Australia," The sale of loans by the European Central Bank was "not remarkable event and no one is expected to be as well."

"The result was low expectations, which is a big contrast with the improved performance of the US economy posted a strong report on retail sales in November," and despite the negative impact of the decline in fuel prices.

The European Central Bank announced that 306 banks borrowed 129.8 billion euros in the second phase of its program of low-interest and long-term loans in order to stimulate the economy.

And increased the possibility that the result of the bank's biggest facilities next year.