BusinessDollar Strengthens After US Retail Sales Data; Wall Street Ends Higher
The US dollar strengthened following retail sales data showing a 0.5% month-over-month increase in April, matching forecasts. Core retail sales rose 0.7%, also in line with expectations. Initial jobless claims were 211,000, slightly above the forecast of 205,000. Wall Street closed higher, gold prices edged down, and oil prices remained largely unchanged.
Econotimes·


