Archive for July 17th, 2018

New Overnight Developments Abroad - Daily Update

Dollar Higher on News of Industrial Production Rebound and Amid Powell Testimony

July 17, 2018

The dollar is trading above Monday closing levels by 1.0% against the Swiss franc, 0.6% versus the yen and sterling, 0.4% vis-a-vis the Australian dollar and 0.2% relative to the euro, loonie, yuan and peso. U.S. industrial¬† production rebounded 0.6% in June from a 0.5% decline in May. Factory output advanced 0.8%, and overall capacity […] More

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