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.
NZD/USD struggles to get above the 55-day moving average
Four tries to break it in the past eight days
NZD/USD hasn't closed above the 55-day moving average since June 9 but it's sure trying hard. The pair crossed above the line four times since last Wednesday but has continually been rejected.
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