Dollar rises against yen amid renewed demand for US currency

The dollar exchange rate against the yen rose on August 13 morning amid renewed demand for the American currency as a safe haven asset, Report informs referring to trading data.

In the meantime, investors continue to await data on the state of the US economy. In the morning, the dollar exchange rate against the yen rose to 147.95 yen from the previous close of 147.77 yen per dollar.

At the same time, the euro exchange rate against the dollar rose to $1.1684 from $1.1673 per euro. And the dollar index (the exchange rate against a basket of currencies of six countries - US trading partners) fell by a symbolic 0.04%, to 98.03 points.

According to experts, retail sales in the US, as well as data on non-farm payrolls, will be an important indicator of how well the economy is developing and will influence the market's assessment of a further reduction in the US Federal Reserve interest rate and the dollar.

The US Department of Commerce will release retail sales statistics on Friday. The indicator is expected to have increased by 0.5% month-on-month in July.