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.
NZDUSD down modestly as traders await the RBNZ rate hike on Wednesday
The central bank is expected to increase rates to 0.5% from 0.25%
The NZDUSD is down modestly on the day but stalling near its 100/200 hour moving averages around the 0.7020 area (see blue and green lines in the chart below).
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