RTRS: Dlr briefly extends losses vs yen after retail sales
NEW YORK, Nov 14 (Reuters) - The U.S. dollar briefly extended losses against the yen on Friday as risk aversion rose following worse-than-expected retail sales data.
The pair has since bounced back after Federal Reserve Chairman Ben Bernanke said central banks around the world are ready to do more to ease credit strains and support faltering economic growth.
The dollar fell as low as 96.10 yen, compared with $96.32 yen before the retails sales data. It last traded down 1.3 percent at 96.35 yen.
The euro also trimmed losses against the dollar and last traded at $1.2662, off 1.3 percent .
Sales at U.S. retailers slumped 2.8 percent last month, the largest decline since the series began in 1992, the Commerce Department said. Economists polled by Reuters forecast a 2.0 percent fall. (Reporting by Wanfeng Zhou; Editing by Theodore d'Afflisio)
