Industrial production in the US decreased to -0.20 % in August, from 0.6% MoM increase in July and missing market consensus of a 0.1% MoM advance. It is the worst reading since late 2021.
On the annual basis industrial production decreased to 3.7% year-on-year in August, from 3.9% in July.
EURUSD pair erased some of the early gains and is once again testing parity level. Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰