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.
EURUSD gets closer to the July low and the 2021 low
The low from July stalled just short of the March 31 year low
The July low came in at 1.17053 for the EURUSD. That low stalled just ahead of the March 2021 low at 1.17035.
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