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Disappointing US data pushed USD lower

Tuesday, Apr 14 2015
Retail and food services sales for March were $441.4 billion, an increase of 0.9 from the previous month, missing market forecasts on 1.1% incline, and 1.3% above March 2014. Retail trade sales were up 0.9% from February 2015, and 0.5% above last year. Food services and drinking places were up 7.7% from March 2014 and building material and garden equipment and supplies dealers were up 6.3% from last year. 
 
Producer Price Index for final demand increased 0.2% in March, seasonally adjusted, also missing expectations on 0.4% increase. Final demand prices moved down 0.5% in February and 0.8% in January. On an unadjusted basis, the index for final demand decreased 0.8% for the 12 months ended in March. In March, more than half of the rise in final demand prices can be attributed to a 0.3% advance in the index for final demand goods. Prices for final demand services moved up 0.1%.
 
After the data, USD was pushed lower against its major rivals. Euro is currently being traded few points above 1.0650 level, Sterling is around 1.4740 area, while Aussie is above 0.76 handle.
More in this category: « Eurozone Industrial Production increased more than expected Westpac's consumer sentiment index down by 3.2% »

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