Partly reflecting a spike in the output of motor vehicles and parts, the Federal Reserve released a report on Friday showing U.S. industrial production increased by much more than expected in the month of March.
After reporting an unexpected contraction in New York manufacturing activity in the previous month, the Federal Reserve Bank of New York released a report on Friday showing a substantial rebound in activity in the month of April.
The lows between 1.17013 to 1.17053 was broken and the price scoots to 1.16929
The EURUSD broke below the old lows from March 31 and July between 1.17035 and 1.17053 earlier today, but only to 1.17013 before bouncing higher.
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