News Snapshot:
The U.S. dollar weakened against its most major counterparts in the European session on Tuesday, amid a rally in European shares as China's financial hub Shanghai moved towards reopening and plans to gradually return to normality by late June. Deputy Mayor Zong Ming said that the authorities will implement steps to reopen Shanghai in stages, with restrictions on movement to continue until May 21 to control virus infections. Supermarkets, convenience stores and pharmacies were allowed to reopen from Monday. Data from the Commerce Department showed that U.S. retail sales increased more than expected in April. The report said retail sales...
