IP fell a tad less than expected, down 0.4% versus expectations for a 0.6% fall while capacity use fell to 68.0, a record low. It is hard to see inflation being a problem in the US anytime soon with factories running at barely 2/3rds capacity and unemployment nearing 10%…
EUR/USD is consolidating at 1.4082 amid Asian selling ahead of the 1.4100 level. They are selling AUD/USD as well, content to play ranges…
