BREAKING: USD muted after US industrial production report

US industrial production report for February was released today at 1:15 pm GMT. Report was expected to show no growth in industrial production compared to a month ago, as well as an increase in manufacturing production.

Actual report showed a small uptick in industrial production as well as a solid month-over-month increase in manufacturing production. Capacity utilization dropped slightly compared to January. There was barely any reaction on the market to the release, with EURUSD ticking slightly higher. However, scale of the move on the main currency pair did not exceed 0.05%.

US, industrial production report for February.

• Industrial production: 0.1% MoM vs 0.0% MoM expected (-0.1% MoM previously)
• Manufacturing production: 0.8% MoM vs 0.3% MoM expected (-0.5% MoM previously)
• Capacity utilization: 78.3% vs 78.5% expected (78.5% previously)

Source: xStation5