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23 May 2022

US: National Activity Index rises to 0.47 in April from 0.36 in March

The Chicago Fed's National Activity Index rose to 0.47 in April from 0.36 in March.
It has remained stable in the mid-0.0s since the start of the year.
There was no market reaction to the latest Chicago Fed data.

The US National Activity Index rose to 0.47 in April from 0.36 in March, data released by the Federal Reserve Bank of Chicago revealed on Monday. The National Activity Index is a monthly index designed to gauge overall economic activity and related inflationary pressure. The index has been relatively stable in the mid-0.0s since the start of the year, suggesting a modest but consistent growth rate.

Market Reaction

There was no market reaction to the latest Chicago Fed data.

May 23, 2022

NZD/USD: Open for another move lower in the coming weeks – Rabobank

Over the past five days, the New Zealand dollar is the second-best performing G10 currency after the Swiss franc. The guidance from the Reserve Bank o

EUR/USD Price Analysis: Next on the upside comes the 55-day SMA

EUR/USD pushes higher and prints new May peaks just ahead of the 1.0700 mark on Monday. Considering the pair’s ongoing price action, the continuation