US: Chicago Fed National Activity Index drops to 0 in August vs. 0.08 expected – by eren_fxstreet UnitedStates Macroeconomics
US Dollar Index trades in positive territory near 113.50.of Chicago's National Activity Index declined to 0 in August from 0.29 in July. This reading came in weaker than the market expectation of 0.08.
According to the Chicago Fed, a zero value for the CFNAI is associated with the national economy expanding at its historical trend rate of growth.This data doesn't seem to be having a significant impact on the dollar's performance against its major rivals. As of writing,Information on these pages contains forward-looking statements that involve risks and uncertainties.
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