The U.S. dollar managed to post gains on Friday reversing the losses from earlier in the week. On the economic front, the U.S. retail sales advanced 0.1% on a month over month basis. This missed estimates of a 0.4% increase. Core retail sales also slowed, rising just 0.3% on the month. Core retail sales also came in below estimates of 0.5%.
Other data sets over the day included the import prices which declined 0.6%. Industrial production was the bright spot which advanced 0.4% on the month.
Looking ahead, the week starts off with the Eurozone’s final inflation figures. Headline CPI is expected to rise 2.0% while core CPI is forecast to increase by 1.0%.
Data from the U.S. include the Empire State manufacturing index which is expected to ease to 23.2.
