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Dollar Slides to May Low as Weak Retail Sales Dim Rate Bets

Bloomberg Markets Friday 14 August 2026, 13:05 UTC By Anya Andrianova 1 min read
Key Points

Dollar Slides to May Low as Weak Retail Sales Dim Rate Bets The dollar fell to the lowest since May after an unexpectedly weak reading of US retail sales pushed traders to further pare back their expectations for an interest-rate hike this year. The Bloomberg Dollar Spot Index fell as much as 0.4% on Friday to touch its weakest level since May 29 after the latest evidence that US shoppers are curbing their spending habits.

Dollar Slides to May Low as Weak Retail Sales Dim Rate Bets The dollar fell to the lowest since May after an unexpectedly weak reading of US retail sales pushed traders to further pare back their expectations for an interest-rate hike this year. The Bloomberg Dollar Spot Index fell as much as 0.4% on Friday to touch its weakest level since May 29 after the latest evidence that US shoppers are curbing their spending habits. The economic release led traders in the bond market to pull back their bets that the Federal Reserve will boost borrowing costs in 2026 — a tightening narrative that had been buoying the dollar in recent months.
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