BREAKING: USD muted after industrial production data

US industrial production report for November was released today at 2:15 pm GMT. Report was expected to show a monthly increase in industrial production and manufacturing output, as well as improvement in capacity utilization. 

Actual report turned out to be a slight disappointment, with industrial production and manufacturing output growing less than expected. Capacity utilization deteriorated compared to a month ago. However, the report did not have much of an impact on the markets. USD ticked lower while US500 moved a touch higher following the release. Nevertheless, scale of those moves was very small.

US, industrial production report for November

• Industrial production: 0.2% MoM vs 0.3% MoM expected (-0.6% MoM previously)
• Manufacturing output: 0.3% MoM vs 0.5% MoM expected (-0.7% MoM previously)
• Capacity utilization: 78.8% vs 79.1% expected (78.9% previously) 

EURUSD ticked higher following release of weaker-than-expected US industrial production data. Source: xStation5