- The Chicago Fed National Activity Index declined modestly in April.
- The US Dollar Index remains in negative territory below 90.00.
Data released by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) fell to 0.24 in April from 1.71 in March.
“The CFNAI diffusion index, which is also a three-month moving average, fell to +0.22 in April from +0.32 in March,” the publication read. “24 indicators improved from March to April, while 60 deteriorated and one remained unchanged. Of the indicators that improved, 10 made negative contributions.”
Market reaction
This report was largely ignored by market participants and the US Dollar Index was last seen as losing 0.15% on the day at 89.90.
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