Industrial production in Germany fell by -2.02% year-over-year (seasonally adjusted), compared to forecasts of -1.4% and a previous reading of -0.42%.
- On a monthly basis, production declined by -1.4%, while expectations were for a -1% drop following a 3% increase in the previous month.
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?