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.
USDCHF moved up 224 pips from last Wednesday's low
The USDCHF bottomed on Wednesday last week at 0.90178 and raced up 224 pips with five days of gains that culminated in reaching a new cycle high for the move higher at 0.92414 today.
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