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Dollar weak after U.S. March retail sales data

EURUSD News by Allie Longford on 08:59 April 16, 2018 EST
The dollar remained at lower levels against a basket of currencies on Monday as US retail sales in March rose after three previous months of declines but failed to dissipate worries about economic growth cooling.

The Commerce Department says retail sales rose 0.6 percent last month, the largest increase since November. Auto sales jumped 2 percent, the most in six months.

Sales rose at grocery stores, restaurants and bars, and drug stores. They fell at home and garden stores, clothing shops and sporting goods stores.

The US dollar index was down 0.25 percent at 89.575 shortly after the news release.

Equities were somehow higher with the SP500 index making highs north of 2075 after on monday morning trading.




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