US: Chicago Fed National Activity Index drops to -0.13 in September from 0.05

Chicago Fed's National Activity Index fell into the negative territory in September.
US Dollar Index continues to push higher toward 94.00.

Eren Sengezer FXStreet

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) declined to -0.13 in September from 0.05 (revised from 0.29) in August.

This print suggests that the economic activity grew at a slower pace in September than it did in August.

"The CFNAI Diffusion Index, which is also a three-month moving average, edged up to +0.22 in September from +0.20 in August," the publication further read.

Market reaction

The greenback continues to outperform its rivals after this report and the US Dollar Index was last seen gaining 0.26% on the day at 93.85.

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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