September 15, 2015 / 12:56 PM / 4 years ago

FOREX-Dollar pares losses after U.S. retail sales data

NEW YORK, Sept 15 (Reuters) - The dollar pared losses against the yen and euro on Tuesday as in-line growth in domestic retail sales in August signaled solid consumer spending in the third quarter, which might help sway the U.S. Federal Reserve to raise interest rates on Thursday.

The U.S. Commerce Department said retail sales, excluding cars, gasoline, building materials and food services, rose 0.4 percent last month following an upwardly adjusted 0.6 percent increase in July. This gauge on sales of core retail goods and services tracks closely with consumer spending component of the gross domestic product.

The dollar was last down 0.3 percent at 119.81 yen, while the euro was down 0.2 percent at $1.1300.

Reporting by Richard Leong; Editing by Lisa Von Ahn

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