FX | EU Currency: Dollar rises on bullish data, euro's fall
3 minutes - Source: CNBC The U.S. dollar has regained some strength in recent weeks. Getty Images The dollar rallied on Friday on bullish economic data and hit a two-week high against the euro as expectations of central bank stimulus weighed on the single currency. U.S. homebuilding fell for a third straight month in July amid a steep decline in the construction of multi-family housing units, but a jump in permits to a seven-month high offered hope for the struggling housing market. Better-than-expected retail sales data in the United States on Thursday also encouraged buying of the dollar. “Any downturn in the U.S. economy appeared on a further rather than closer horizon after bullish retail spending data this week suggested America’s main growth engine had ample horsepower to extend the record-long expansion,” said Joe Manimbo, senior market analyst at Western Union Business Solutions. The euro fell 0.14% to $1.109, shy of the two