USD review

Slightly below forecast U.S. retail sales proved a mild catalyst for the U.S. dollar to pare recent gains. Sales rose 0.9% in March, the strongest in a year that put a halt to three straight months of declines. 

Core spending was also a little lighter than expected, rising 0.3%. The number was consistent with the U.S. economy on the mend after starting the year slowly. 

The outcome keeps uncertainty high over the timing of a Fed rate hike. But the still decent outcome shouldn't scare too many dollar bulls away for long.