MNI Chicago Business Barometer comes in at 58.8
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The MNI Chicago Business Barometer, a measure of regional economic activity, was released today at 58.8. This figure represents the latest reading for business conditions in the Chicago area. There was no consensus figure available for comparison with this release.
Following the release, market reactions were observed. AUDUSD moved +1.5 pips five minutes after the print, settling at +0.4 pips after fifteen minutes. EURUSD saw a +3.6 pip move initially, then -0.9 pips. GBPUSD gained +6.6 pips at five minutes, then fell to -1.0 pips. NZDUSD moved +3.6 pips and then +1.1 pips. USDCAD initially dropped -1.9 pips, then rose +2.1 pips. USDCHF moved -3.1 pips, then +0.8 pips. USDJPY saw a -11 pip move, then -8.7 pips. XAUUSD moved -11 pips, then -38 pips. These initial moves are generally small when compared to the typical median 1-hour moves observed after past releases, which range from 9 pips for NZDUSD to 31 pips for XAUUSD.