Week In FX Americas – Weather Again Blamed For US Softening

Week In FX Americas – Weather Again Blamed For US Softening via MarketPulse: This week, Ms. Yellen came spoke and did not disappoint anyone – handover from one Fed head to another completed. For the time being the US Fed game plan is to follow the Bernanke way. However, some recent disappointing reports have a few analysts rethinking the depth of their bullishness for the US economy. On Thursday, US January retail sales slipped lower (-0.4%), m/m; well below expectations and adding insult was the December result being also revised into negative territory. The headline print was the steepest one-month decline in 18-months for sales. Ex-autos, January sales were flat, while core-sales (ex-autos, gas and building materials) came in down -0.3%, having been expected up +0.2%. The reason for the slip: icy weather. The biggest burden on the report was sagging auto sales, which was abundantly clear in US January sales numbers out of the major auto manufacturers last week. Add the weather-
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