Dollar drops after disappointing June retail-sales report

The dollar fell against nearly all of its main rivals Tuesday after U.S. retail sales declined in June for the first time in four months.

The dollar plummeted immediately after the report, but trimmed its losses as the session went on.

The euro EURUSD, -0.0727%  finished the session flat at $1.1003, little-changed from its levels late Monday in New York. The dollar USDJPY, +0.05%  weakened to 123.37 yen from ¥123.54 late Friday.

The ICE U.S. Dollar Index DXY, +0.11% a measure of the dollar’s strength against a basket of six rival currencies, fell 0.2% to 96.67.

Paul Ashworth, chief U.S. economist at Capital Economics, said strong readings in April and May make the decline in June more palatable.

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