Dollar has its worst day in a week after data disappoints

The dollar had its worst day in a week Wednesday, as several disappointing reports on the U.S. economy prompted investors to rethink the timing of the Federal Reserve’s first interest-rate increase since 2006.

The dollar was down more than 1.1% against the euro after the data. On May 6, the dollar finished 1.2% lower against the shared currency.

Economists and analysts had expected retail sales to rebound in April after three months of declines. Instead, spending was flat, with sales excluding automobile sales increasing by a paltry 0.1%, according to the Commerce Department, falling short of the consensus forecast of 0.4% from a MarketWatch survey of economists.

Prices of goods exported from the U.S. dropped 0.7% in April, missing a consensus estimate for a 0.2% and 0.3% decline.

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