US retail sales rose 0.3% mom in April, in line with expectation. Ex-auto sales rose 0.3% mom, below expectation of 0.5% mom.
Empire state manufacturing index rose to 20.1, up from 15.8 and beat expectation of 15.0.
Dollar pays little attention to the data release. Instead, it’s following treasury yields higher. 10 year yield reaches as high as 3.045 so far. It has now breached key resistance of 2013 high at 3.036, hitting highest since 2011.
