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.
AUD/USD down on the day but not much has changed from a technical perspective
AUD/USD is down 0.4% today, keeping near the lows in European trading
The pair is down 0.4% on the day to around 0.7338 currently, hovering near the lows as the more defensive risk mood and softer China data weigh on the aussie.
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