FOREX-Dollar rebounds as weak US data boosts risk aversion

* U.S. retail sales fall in April for a second month

* Dollar rebounds from seven-week low vs euro

* Renewed risk aversion leads to slide in high-yielders

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By Vivianne Rodrigues

NEW YORK, May 13 (Reuters) - The dollar rallied broadly on Wednesday after an unexpected decline in April's U.S. retail sales rekindled demand for the greenback as a safe haven.

The report, which showed sales at U.S. retailers slipped 0.4 percent last month, dimmed optimism about hopes for a rapid recovery in the world's largest economy. Economists polled by Reuters had forecast April sales would be flat after falling in March. For story on retail sales data, see [ID:nN13384420]

After being sold off the past few weeks, the dollar rose from four-month lows against a basket of six currencies and seven-week troughs against the euro. It also gained sharply against some higher-yielding currencies, such as the Australian and New Zealand dollars, which tracked a slide in Wall Street stocks.

"Green shoots of a global recovery were hit by a round of frosty economic data today," said Vassili Serebriakov, a currency strategist, at Wells Fargo Bank in New York. "The U.S. consumer still appears under significant pressure with retail sales unexpectedly falling."