The major currency pair is trading downwards on Wednesday; the statistics supports the USD.
EURUSD is falling on Wednesday morning. The current quote for the instrument is 1.1561.
Yesterday, the American currency was supported by the statistics published by the USA. The Industrial Production expanded by 0.3% m/m in September after adding 0.4% m/m the month before and against the expected reading of +0.2% m/m.
On YoY, the same indicator skyrocketed by 5.1%, which is the best growth in the sector over the last 8 years. The components of the report shows that the Industrial Output went up by 3.3% y/y in the third quarter of 2018, which is a bit worse that in the second one. The Manufacturing Output moved up by 0.2% in September: the indicator has been growing for the fourth consecutive month.
The Capacity Utilization Rate remained unchanged at 78.1% although it was expected to increase up to 78.2%. However, the indicator is stable, but some think that it could grow more actively.
Previously, the US Federal Reserve mentioned that the hurricane season which had taken place early autumn, didn’t have any significant influence on the industrial production in the country.
