The dollar slipped for a second straight session against a basket of major currencies on Thursday after U.S. retail sales and weekly jobless claims data showed weakness in the economy and curbed speculation of a hawkish stance from the Federal Reserve.
The Commerce Department said retail sales gained 0.3 percent last month, missing expectations for a 0.6 percent rise. April's retail sales, however, were revised to show a 0.5 percent increase. The dollar's losses were modest given the reassuring revision.
In a separate report, the Labor Department said initial claims for state unemployment benefits climbed 4,000 to a seasonally adjusted 317,000 for the week ended June 7. That marked a bigger increase than the expected rise of 310,000, according to a Reuters poll.