Forex News

US retail sales slide 0.2% in March

US retail sales

Retail sales in the United States showed an unexpected drop in March, adding more pressure on the U.S. dollar.

The volume of retail sales in March slipped 0.2 percent, compared to forecasts of 0.3 percent rise, while February’s reading was revised up to 0.7 percent increase.

Core retail sales edged down 0.4 percent last month, compared to forecasts and a prior of 0.4 percent and 1.4 percent respectively.

The dollar index continued to trade lower on the daily basis at 97.60, set for its first daily drop in five sessions, as of 13:15 GMT.

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