In its monthly publication titled 'Industrial Production and Capacity Utilization', the Federal Reserve reported that industrial production in April fell 0.5%. " Output is now reported to have declined 1.9% at an annual rate in the first quarter," the Fed noted. "Manufacturing production moved down 0.5% in April after being unchanged in March."
Further details of the report revealed that capacity utilization declined to 77.9% from 78.5% in March.
The greenback ignored the data and the US Dollar Index was last up 0.15% on the day at 97.66.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.