LONDON—The dollar stalled on Thursday as investors scooped up higher-risk currencies after a run of strong U.S. economic data reinforced confidence in the global growth outlook, even though the Federal Reserve looks set to raise interest rates further.
Data from the U.S. Commerce Department showed on Wednesday that retail sales in the United States rebounded sharply in January after two straight monthly declines, driven by purchases of big-ticket items like motor vehicles and other goods.
