US retail sales declined (-0.5%) in June, disappointing a forecast of a 0.1% gain, and falling from a -0.2% dip in May. The core reading was -0.4%, missing 0.1% forecast and the same as the -0.4% reading in May.

Empire State Manufacturing for July came in at 7.4, an improvement from 2.3 and beating forecast of 3.9.

The retail sales data was poor, while manufacturing data was slightly better. The market is not moving as far as risk sentiment, but the USD is falling across the board after this release.