Output slumped 2.0% versus expectations for a 1% decline while capacity use fell to 73.6, well below the 74.6% forecast. Capacity uses was the lowest since December 2001, right after the 9/11 attacks.
EUR/USD is running into selling ahead of the 1.3350 level despite the unimpressive economic data so far. Michigan sentiment is due up just before 10 am.
