MW: Dollar, yen gain ground after U.S. retail sales
The U.S. dollar gained ground versus the euro but slipped versus the Japanese yen after a weaker-than-expected April U.S. retail sales report showed a 0.4% drop in overall sales and 0.5% decline in sales excluding autos. The euro slipped to $1.3573 versus the dollar, a loss of 0.5% on the day. The dollar was lower against the Japanese yen, slipping to 95.99 yen, a loss of 0.3%.
