Chicago Fed’s National Activity Index dropped more than expected in August. US Dollar Index continues to climbg higher toward 93.50. The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) dropped from 2.54 (revised from 1.18) in July to 0.79 in August. This reading came in worse than the market expectation of 1.95. Key takeaways “The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.62 in August from +0.73 in July.” “Forty-five of the 85 individual indicators made positive contributions to the CFNAI in August, while 40 made negative contributions. “Twenty-nine indicators improved from July to August, while 56 indicators deteriorated. Of the indicators that improved, 11 made negative contributions.” Market reaction The US Dollar Index continues to push higher after this data and was last seen gaining 0.41% on the day at 93.38. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Swipe Price Analysis: SXP doomed to retest $1.00 if $1.25 gives way FX Street 2 years Chicago Fed's National Activity Index dropped more than expected in August. US Dollar Index continues to climbg higher toward 93.50. The Federal Reserve Bank of Chicago's National Activity Index (CFNAI) dropped from 2.54 (revised from 1.18) in July to 0.79 in August. This reading came in worse than the market expectation of 1.95. Key takeaways "The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.62 in August from +0.73 in July." "Forty-five of the 85 individual indicators made positive contributions to the CFNAI in August, while 40 made negative contributions. "Twenty-nine indicators improved from July to August, while 56… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
