US April advance retail sales +0.0% vs +0.2% expected

Highlights of the April US retail sales report:

• Prior was +0.9%
• Ex-autos 0.1% vs +0.5% exp
• Prior ex-autos +0.4% (revised to +0.7%)
• Ex-autos and gas +0.2% vs +0.5% exp
• Prior ex-autos and gas +0.5% (revised +0.7%)
• Control group 0.0% vs +0.5% expected
• Prior control group +0.4% (revised to +0.5%)

Soft report, no doubt, but the revisions take a bit of the pain away. The US dollar was smashed down on the numbers with USD/JPY crumbling to 119.04 from 119.70. EUR/USD jumped to 1.1270 from 1.1220.