• Chicago Fed’s National Activity Index fell into negative territory in October.
  • US Dollar Index clings to strong daily gains above 107.50.

The Federal Reserve Bank of Chicago’s National Activity Index (CFNAI) declined to -0.05 in October from 0.17 in September. 

“The CFNAI Diffusion Index, which is also a three-month moving average, decreased to +0.13 in October from +0.25 in September,” the publication further read. “Forty-five of the 85 individual indicators made positive contributions to the CFNAI in October, while 40 made negative contributions.”

Market reaction

This data failed to trigger a noticeable market reaction. As of writing, the US Dollar Index was up 0.75% on the day at 107.77.

This article was originally published by Fxstreet.com.Read the original article here.

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