The dollar was on the front foot in Asia on Friday, retaining overnight gains against peers after strong U.S. economic data and an ECB rate hike, with traders' attention warily turning to a data deluge from China. U.S. retail sales received a boost from higher gasoline prices, increasing 0.6% in August versus an estimated 0.2% rise, while market participants reacted to the European Central Bank's 25-basis point hike. 'It appears that markets have characterized the ECB’s 25bp hike yesterday to a dovish hike...that has sent EUR and European yields tumbling,' analysts at Mizuho Bank said in a note.
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