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.
AUDUSD stays in its choppy mess
The AUDUSD moved sharply higher with the dollar selling post the CPI data.
Looking at the hourly chart above, the price high raced above its 100 and 200 hour MAs in the process at 0.73564 and 0.73671 respectively.
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