. Exchange rate dollar turned slightly up against other major currencies on Thursday (Friday morning GMT ) , as U.S. bond yields turned higher amid growing expectations the Federal Reserve will reduce its stimulus program next week .
Although many analysts say the move could be delayed another month , strong data on U.S. retail sales for November to add a description that the U.S. economy is stronger , increase the likelihood of an initial bond-buying program for the reduction of 85 billion U.S. dollars per month , AFP reported .
At 22:00 GMT ( Friday at 5:00 pm ) the euro was at 1.3752 dollars , down from 1.3785 dollars late Wednesday .
The dollar rose to 103.36 yen from 102.40 yen , and the British pound fell to 1.6350 dollars from 1.6374 dollars .
The euro also strengthened against the Japanese currency , be 142.15 yen from 141.19 yen .
U.S. retail sales rose 0.7 percent , slightly better than expected in November , the month of the start of the crucial year-end holiday shopping season .
That helped send yields on U.S. government bond futures on the 10 - year to 2.88 percent from 2.84 percent on Wednesday , and yields on 30-year bond rose to 3.90 percent from 3.88 percent .
" All of this price reduction is consistent with the increasing expectations of Fed stimulus , " said Kathy Lien of BK Asset Management .
Federal Reserve will hold its final policy meeting of the year on Tuesday and Wednesday next week , with everyone waiting to see whether the U.S. economy is strong enough to reduce the stimulus .
The dollar also rose against the Swiss franc , into 0.8892 Swiss francs from 0.8863 francs .
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