Forex Pros - Retail sales in the U.S. fell less-than-expected in April, declining for the first time in 11 months, official data showed on Tuesday.
In a report, the U.S. Census Bureau said that retail sales dipped by a seasonally adjusted 0.2% in May, after rising by 0.3% in April, whose figure was revised down from 0.5%.
Analysts had expected retail sales to decline by 0.7% in May.
Core retail sales, which exclude automobile sales, rose slightly more-than-expected, climbing by 0.3% in May, beating expectations for a 0.2% increase.
The previous month's figure was revised down to 0.5% from 0.6%.
Following the release of the data the U.S. dollar was down against the euro, with EUR/USD rising 0.28% to trade at 1.4454.
Meanwhile, the outlook for U.S. equity markets was broadly higher. The Dow Jones Industrial Average futures pointed to a gain of 0.75%, S&P 500 futures rallied 1.05%, while the Nasdaq 100 futures indicated an increase of 0.85%.