US dollar markets and performance were mixed yesterday, which was down to varying results from the economic indicators. The US currency started well, seeing some gains on the back of better-than-expected Empire State Manufacturing figures. However, the currency fell later in the day following an unexpected drop in US industrial production. This monthly figured had declined in August, which detracted from some of the recent positivity from the country, cooling some of the speculation over interest rate rises.
Today sees some data of higher importance, as the Producers’ Price Index figure is due. This measure of inflation is another key area, and so investors will be keen to see further encouragement for a strengthening economy.