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BREAKING: EURUSD muted after higher industrial production data 📌

2:18 PM 17 September 2024

02:15 PM BST, United States - Manufacturing Production for August:

  • actual 0.9% MoM; previous -0.7% MoM;

02:15 PM BST, United States - Industrial Production for August:

  • Industrial Production: actual 0.8% MoM; forecast 0.2% MoM; previous -0.9% MoM;
  • Industrial Production: previous -0.18% YoY;

US industrial production data also surprised positively, as did retail sales data. Today's releases are more supportive of a 25 bp Fed cut at tomorrow's meeting. However, investor expectations remain split between 25bp and 50bp.

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