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The US Dollar continued to depriciate against the Euro following the release of weaker-than-expected US data. The EUR/USD currency pair registered a 0.04% plunge, hitting the 1.17887 mark right after the data were announced.
Industrial output in the US rose less than anticipated in November, as a decline in utilities production offset a post-hurricane jump in the gas and oil industries, the Federal Reserve stated on Friday. Overall industrial production rose 0.2%, following an upwardly-revised gain of 1.2% in the prior month and missing the expectations for a 0.3% surge. Meanwhile, the US manufacturing sector, which draws up nearly 12% of the country's economy, also grew 0.2% in the reported month.
| Historical Data Table: US Industrial Production | Economic Calendar for 18.12.2017 | ||||||||
| Date | 17.08.2017 | 15.09.2017 | 17.10.2017 | 16.11.2017 | 15.12.2017 | 10:00 AM | EUR Final CPI y/y | ||
| Actual | 0.4% | -0.7% | 0.4% | 1.2% | 0.2% | 1:30 PM | CAD IT in Securities | ||
| Forecast | 0.3% | 0.1% | 0.3% | 0.5% | 0.3% | 3:00 PM | NAHB Housing Market Index | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.76681 | 0.76652 | -0.04% | AUD/USD | 61.74% | 38.26% | |||
| EUR/USD | 1.17938 | 1.17887 | -0.04% | EUR/USD | 46.30% | 53.70% | |||
| USD/JPY | 112.268 | 112.31 | 0.04% | USD/JPY | 43.94% | 56.06% | |||
| NZD/USD | 0.70214 | 0.70207 | -0.01% | NZD/USD | 48.43% | 51.57% | |||