Dollar stays weak in early US session after mixed data.
Headline retail sales rose 0.6% mom in March, above expectation of 0.5%. Ex-auto sales rose 0.2% mom, in-line with consensus.
Empire State Manufacturing index, however, tumbled sharply to 15.8 in April, down from 22.5 and missed expectation of 18.6. In particular, the index for future business conditions dived -26 pts to 18.3, hitting the lowest level in more than two years. That’s a sharp contrast to the reading back in February, at 44.1, which was a several year high.
