Fed Industrial Production m/m comes in at 0.1% against 0.2% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
US Industrial Production m/m was reported at 0.1%, missing the consensus forecast of 0.2%. This actual figure matched the previous month’s reading of 0.1%. The surprise against consensus registered at -50.0%.
Following the release, market reactions across major pairs were generally limited within the first 15 minutes. EURUSD moved -4.3 pips, while USDCAD moved -4.6 pips. AUDUSD saw a -0.3 pip change, and USDCHF moved -0.6 pips. GBPUSD registered a +0.7 pip change, NZDUSD moved +1.7 pips, and USDJPY saw a +0.5 pip change. XAUUSD moved -28 pips. These initial movements are relatively small when compared to the typical median 1-hour moves observed after past Industrial Production releases. For instance, EURUSD typically sees a median 1-hour move of 9 pips, USDCAD a median 1-hour move of 10 pips, and XAUUSD a median 1-hour move of 33 pips.