Dollar heads for longest weekly losing streak in a decade

Against a basket of currencies, the U.S. dollar remains 0.2% lower for the week, but it seems to have arrested a slide that has it about 9.5% below its March peak.

LONDON: The dollar steadied on Friday as a spike in U.S. bond yields and a drag on risk sentiment from lacklustre Chinese economic data slowed a selldown of the U.S. currency, which was headed for its longest weekly losing streak since 2010.

China's retail sales unexpectedly extended their fall into a seventh month in July and industrial output missed expectations - suggesting bumps in even the world's most promising rebound.