Year-on-year industrial production rises in January for the first time since 2018

The interannual industrial production has grown by 0.1%, improving the -2.4% forecast and the -0.2% previously (revised from -0.8%). This is the first rise seen in the indicator since October 2018.

EUR / USD reaction

EUR / USD continues to press lower at this time after hitting a daily high at 1.1988 at the start of the Asian session, very close to the eight-day high tested yesterday at 1.1990. In recent hours, the euro has fallen against the dollar to fresh two-day lows at 1.1910.

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