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 squeezes higher into the weekend. Double bottom stalls the fall this week.
Ups and downs
The AUDUSD had a final squeeze higher today in what was an up, down and back up again trading week.
The pair closed last Friday at 0.7353, chopped up and down on Monday, closing lower on the day.
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