The story for most of this week was one of the dollar’s weakness. After the soft jobs data last week, US data continued to disappoint throughout last week. It started with US retail sales which printed weaker than expected.
Purchases in March rose 0.9% against expectations for 1.1%, while core sales increased by 0.4% vs. expectations for 0.7%. The latest World Economic Outlook report published by the IMF on the same day pointed out that global growth prospects were uneven.
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