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17 Apr 2015
USD is the culprit - BNP
FXStreet (Barcelona) - Analysts at BNP Paribas said that April will be key for the US.
Key Quotes:
"Activity proves weaker than previously expected, while surveys seem to indicate it is not just about the bad weather. Industrial production is contracting and the short term outlook for is not encouraging."
"Consumers are still cautious in allocating the savings realised on their energy bill, while the housing sector sends mixed signals."
"The sharp appreciation of the dollar since last summer seems the obvious culprit for the slowdown."
Key Quotes:
"Activity proves weaker than previously expected, while surveys seem to indicate it is not just about the bad weather. Industrial production is contracting and the short term outlook for is not encouraging."
"Consumers are still cautious in allocating the savings realised on their energy bill, while the housing sector sends mixed signals."
"The sharp appreciation of the dollar since last summer seems the obvious culprit for the slowdown."