Dollar Falls as Retail Sales in July Grew Less Than Forecast

Aug. 11 (Bloomberg) -- The dollar fell against the yen and euro after a government report showed U.S. retail sales in July grew less than economists predicted.

The U.S. currency has lost ground the past five weeks even as reports showed U.S. job growth quickening and the Federal Reserve raised its benchmark interest rate for a 10th straight time, expanding the U.S. rate advantage over Europe and Japan.

``The expectations for U.S. data have been very high,'' said Eric Darwell, a currency strategist in New York at Citigroup Inc., the world's biggest financial services company. ``Though we have gotten strong numbers, we haven't seen a strengthening dollar.''