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.
China sets yuan mid-point at weakest level since July 29
Sets mid-point at 6.4915 vs 6.4858 close yesterday
USD/CHH made that push above 6.52 in July but the daily mid-point helped to anchor it. Is China signaling that it wants a weaker yuan?
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