- The Chicago Fed’s national activity index fell more than expected in February.
- The DXY Dollar Index recovers towards 102.50 after the data was released.
The Chicago Federal Reserve National Activity Index (CFNAI) fell to -0.19 in February, compared to 0.23 in January. This reading resulted weaker than market expectation from 0.
“The CFNAI diffusion index, which is also a three-month moving average, rose to +0.02 in February from -0.07 in January,” the Chicago Fed said in its release. “Thirty-eight of the 85 individual indicators made positive contributions to the CFNAI in February, while 47 made negative contributions.”
The DXY Dollar Index has staged a modest rebound early in the American session and is now down 0.12% on the day, sitting at 102.40.
Source: Fx Street
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