The dollar fell against both the euro and yen today after US retail sales for May came in sharply lower than expected and initial weekly jobless claims rose.
At 1400 GMT the dollar had given up more than a quarter of a cent versus the euro trading near the session's highs around 94.40 cents. The dollar slipped about a quarter of a yen against Japan's currency, hovering at session troughs near 125.40 yen.
May retail sales tumbled 0.9 per cent, much more than the 0.3 per cent expected by Wall Street. In addition, weekly jobless claims rose to 390,000 from 383,000 in the prior week.
"We expect retail sales to continue to slow throughout the year," said Ms Lara Rhame, US economist at Brown Brothers Harriman. "I don't know what will make US consumers finally stop spending, but job growth has been very feeble."