US: Industrial Production dips 0.1% in October, against forecasts

FXstreet.com (Barcelona) - US Industrial Production dropped by 0.1% in October, compared with the 0.7% increase registered the previous month, according to data released by the Federal Reserve Board. Market consensus pointed to a 0.2% rise.

Capacity Utilization slid to 78.1% in October from 78.3% in September and against forecasts of remaining at the same level.

Flash: EUR outlook bearish on struggle to keep reforms on track - BMO Capital Markets

Stephen Gallo, European Head of Currency Strategy at BMO Capital Markets comments that the struggle to keep the pace of reforms on track, and the difficulties which should culminate with reforms having a greater weight are an important factor for his bearish 6-to-12-month outlook on the EUR.
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