US March retail sales report now out 13April
– 0.0% prev from -0.1%
– ex-auto mm (core retails) +0.2% vs +0.4% exp vs 0.0% prev from -0.1%
– ex auto and gas +0.1% vs +0.3% exp vs +0.6% prev from +0.3%
Softer headline data sees USD lower across the board but moves should be tempered by better revisions. Core retails below expectations but better than previous.