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.
EUR/USD holds a defense of 1.1700 for the time being, what is the chart saying?
EUR/USD holds steady just above 1.1700 to start European trading
They fell short of breaching the key level, but it remains one to watch considering the lack of positive factors playing out for the euro at the moment.
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