U.S. Dollar Eases as U.S. Retail Sales Flat

The dollar slid against most currencies on Wednesday after data showed U.S. retail sales were flat in July after gains the previous month, reflecting an uneven recovery for the world’s largest economy.

The report, which suggested the Federal Reserve would not be hard-pressed to raise interest rates any time soon, pushed the dollar to one-week lows against a struggling euro.

Data on Wednesday showed retail sales, which had increased 0.2 percent in June, were held back by a second straight month of declines in receipts at auto dealers, as well as weak sales of furniture and electronics and appliances.

CNBC

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