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Fundamental Forex Analysis

Chicago Fed National Activity Index improved to -0.25 in January from -0.51

  • Chicago Fed National Activity Index comes in better than expected in January.
  • US Dollar Index clings to daily gains above 99.50.

The Federal Reserve Bank of Chicago’s National Activity Index improved to -0.25 in January from -0.51 (revised lower from -0.35) and came in better than the market expectation of -0.92.

“The CFNAI Diffusion Index, which is also a three-month moving average, increased to –0.16 in January from –0.25 in December,” the publication read.

USD reaction

The US Dollar Index, which tracks the greenback’s value against a basket of six major currencies, ignored this data and was last seen adding 0.25% on the day at 99.60.

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