Weak Retail Sales Causes Dollar to Dip – 1 April, 2019

A 0.2 percent dip in U.S. retail sales for the month of February caused the dollar to weaken against slow inflation in euro zones. The dollar managed to gain back some of the losses caused by the release of the data, but was still down 0.18 percent for the day. For the first time in four months, Chinese factory activity grew, helping the Australian dollar gain 0.48 percent against the U.S. dollar to $0.7129. Sterling was up 0.62 percent against the dollar to $1.3113.