for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up

FOREX-Dollar steady as strong data offsets lower yields

    * Graphic: World FX rates tmsnrt.rs/2RBWI5E

 (Adds schedule for Biden remarks on Russia, details on U.S.
data, comments from Fed's Daly, euro context, updates prices)
    By Karen Brettell
    NEW YORK, April 15 (Reuters) - The dollar index was little
changed on the day on Thursday as investors balanced bullish
data showing U.S. retail sales rose by the most in 10 months in
March against a continued drop in U.S. Treasury yields.
    Retail sales increased 9.8% last month, the Commerce
Department said on Thursday, beating economists' expectations
for a 5.9% increase.
    A separate report also showed first-time claims for
unemployment benefits tumbled last week to the lowest level
since March 2020, when mandatory closures of nonessential
businesses were enforced to slow the spread of the first
COVID-19 wave.
    “This was a one-two punch of really positive data,” said
Edward Moya, senior market analyst at OANDA in New York.
    Dollar strength was capped, however, as Treasury yields
 dropped to one-month lows, reducing the relative
attractiveness of the U.S. currency.
    The dollar index earlier on Thursday hit a one-month
low of 91.487, before rebounding to 91.608, unchanged on the
day.
    The euro fell 0.04% to $1.1975. It reached a
six-week high of $1.1994 earlier on Thursday.  
    The greenback fell 0.23% to 108.65 Japanese yen.
    The dollar has been on the back foot this month as Treasury
yields stabilize below one-year highs reached last month. Yields
have fallen as the U.S. Federal Reserve reiterates its
commitment to holding rates near zero for years to come, and on
some concerns that a recent uptick in inflation will be
temporary.
    San Francisco Fed President Mary Daly on Thursday said the
U.S. economy is still far from making "substantial progress"
toward the central bank's goals of 2% inflation and full
employment, the bar the Fed has set for beginning to consider
reducing its support for the economy.
    Strong risk appetite as stocks hit record highs is also seen
as denting the appeal of the greenback.
    The Australian dollar, a proxy for global risk
sentiment, rose 0.42% on Thursday to $0.7755.
    Rising geopolitical tensions may be helping demand for
safe-haven U.S. bonds on Thursday.
    “We’re seeing more risks across emerging markets right now,
and that’s probably going to keep some Treasury demand going,”
said Moya.
    The Russian rouble tumbled on Thursday, at one point losing
2% to the dollar in volatile trade and hitting a more than
five-month low versus the euro as the White House announced new
sanctions targeting Russia's sovereign debt.
    U.S. President Joe Biden on Thursday authorized the move to
punish Moscow for interfering in the 2020 U.S. election -
allegations Russia denies.
    Biden will deliver remarks on Russia at 4:30 p.m./2030 GMT
on Thursday.
    Bitcoin stood near a record high of $64,895
reached on Wednesday, when cryptocurrency platform Coinbase
 made its debut in Nasdaq in a direct listing. It was
last down 0.12% on the day at $62,910.
    
    ========================================================
    Currency bid prices at 3:04PM (1904 GMT)
 Description      RIC         Last           U.S. Close  Pct Change     YTD Pct       High Bid    Low Bid
                                              Previous                   Change                   
                                              Session                                             
 Dollar index                 91.6080        91.6190     +0.00%         1.808%        +91.7470    +91.4870
 Euro/Dollar                  $1.1975        $1.1980     -0.04%         -1.99%        +$1.1994    +$1.1957
 Dollar/Yen                   108.6450       108.9550    -0.23%         +5.24%        +108.9550   +108.7050
 Euro/Yen                     130.09         130.47      -0.29%         +2.50%        +130.5500   +130.0300
 Dollar/Swiss                 0.9216         0.9229      -0.12%         +4.18%        +0.9245     +0.9207
 Sterling/Dollar              $1.3789        $1.3776     +0.10%         +0.94%        +$1.3808    +$1.3762
 Dollar/Canadian              1.2537         1.2521      +0.14%         -1.54%        +1.2558     +1.2477
 Aussie/Dollar                $0.7755        $0.7723     +0.42%         +0.82%        +$0.7761    +$0.7706
 Euro/Swiss                   1.1037         1.1053      -0.14%         +2.13%        +1.1063     +1.1030
 Euro/Sterling                0.8682         0.8692      -0.12%         -2.85%        +0.8698     +0.8671
 NZ                           $0.7175        $0.7140     +0.49%         -0.08%        +$0.7180    +$0.7138
 Dollar/Dollar                                                                                    
 Dollar/Norway                8.3795         8.3950      -0.08%         -2.32%        +8.4050     +8.3580
 Euro/Norway                  10.0356        10.0479     -0.12%         -4.11%        +10.0660    +10.0190
 Dollar/Sweden                8.4426         8.4648      -0.26%         +3.00%        +8.4770     +8.4419
 Euro/Sweden                  10.1107        10.1372     -0.26%         +0.34%        +10.1485    +10.1098
 
    

 (Reporting by Karen Brettell; additional reporting by Ritvik
Carvalho in London; editing by Jonathan Oatis and Chizu
Nomiyama)
  
for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up