Here is what you need to know on Friday, April 14:
The persistent US Dollar weakness continues early Friday with the US Dollar Index (DXY) staying at one-year lows below 101.00. Import and Export Price Index, March Retail Sales alongside Industrial Production data will be featured in the US economic docket later in the day. Ahead of the weekend, the University of Michigan will release the preliminary Consumer Sentiment Index for April.
US Retail Sales Preview: Dollar set to jump above low barrier of expectations, three scenarios.
Following Wednesday’s soft inflation figures, the data from the US showed on Thursday that the Producer Price Index fell sharply in March, forcing the US Dollar (USD) to come under renewed selling pressure. Additionally, the US Department of Labor…