US: Chicago Fed National Activity Index declines to 0.29 in August from 0.75

Chicago Fed's National Activity Index fell in August but stayed in the positive territory.
US Dollar Index stays deep in the red little above 93.00.

Eren Sengezer FXStreet

The data published by the Federal Reserve Bank of Chicago showed on Thursday that the National Activity Index (CFNAI) declined to 0.29 in August from 0.75 in July.

This print showed that that the economic growth slowed down in August but remained above average.

Market reaction

This report doesn't seem to be having a noticeable impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.34% on a daily basis at 93.12.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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