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

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.

Leave a Reply

Your email address will not be published. Required fields are marked *