The monthly data published by the Federal Reserve showed that Industrial Production in the US declined 0.8% in October following September’s 0.3% contraction and came in worse than the market expectation for a decrease of 0.4%. Further details of the report revealed that Capacity Utilization in the same period fell to 76.7% from 77.5%. “Manufacturing production decreased 0.6% in October. Much of this decline was due to a drop of 7.1% in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles,” the publication read. The US Dollar Index seems to be staying under pressure following this data and was last down 0.12% on the day at 98.03. 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 USD/CHF technical analysis: Bulls struggle to extend the recovery beyond 0.9900 handle FX Street 3 years The monthly data published by the Federal Reserve showed that Industrial Production in the US declined 0.8% in October following September's 0.3% contraction and came in worse than the market expectation for a decrease of 0.4%. Further details of the report revealed that Capacity Utilization in the same period fell to 76.7% from 77.5%. "Manufacturing production decreased 0.6% in October. Much of this decline was due to a drop of 7.1% in the output of motor vehicles and parts that resulted from a strike at a major manufacturer of motor vehicles," the publication read. The US Dollar Index seems… 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.
