US: Chicago Fed National Activity Index improves to 0.53 in July from -0.01

• Chicago Fed's National Activity Index improved in July.
• US Dollar Index remains in the negative territory below 93.20.

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.53 in July from -0.01 (revised from 0.09) in June.

"The CFNAI Diffusion Index, which is also a three-month moving average, increased to +0.28 in July from +0.05 in June," the publication further revealed. "Forty-seven indicators improved from June to July, while 38 indicators deteriorated. Of the indicators that improved, 12 made negative contributions."

Market reaction

The US Dollar Index edged lower after this report and was last seen losing 0.3% on the day at 93.18.