• Retail Sales in the US rose less than expected in May.
• US Dollar Index retreated below 105.50 after the data.

Retail Sales in the United States rose 0.1% on a monthly basis in May to $703.1 billion. This reading followed the 0.2% decline recorded in April and came in slightly below the market expectation for an increase of 0.2%.

"Total sales for the March 2024 through May 2024 period were up 2.9% from the same period a year ago," the publication read. "Retail trade sales were up 0.2% from April 2024, and up 2.0% above last year."