Forex news for NY trading on October 17, 2016
Fundamentally, the US data today was mostly weaker than expectations, but admittedly the data was focused on good producing data and that is not an area of growth in the US at the moment. Empire Manufacturing came in at -6.8 vs 1.0 expectations. Industrial Producation came in as expected at 0.1% but Capacity Utilization was lower than estimate at 75.4 vs 75.6%.
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