News: 2024.03.16
Newly released U.S. economic data continued to be strong, sending the U.S. dollar to its highest level in more than a week. The U.S. industrial production index reversed January's decline last month and rose 0.1 percent. Manufacturing production also rebounded by 0.8% in the same month.
According to the latest data, the dollar exchange rate continues to rise, reaching a high of more than a week. This is mainly due to the strong performance of U.S. economic data, especially the rebound in industrial production index and manufacturing production volume.
The U.S. industrial production index showed an unexpected rebound last month, data that showed a growing trend in economic activity. Compared with January's decline, the industrial production index rebounded by 0.1%, bringing a glimmer of hope to the market.
At the same time, manufacturing production also showed significant growth in the same month, rising by 0.8%. This shows that the activity level of the U.S. manufacturing industry is gradually recovering, which has played a positive role in promoting the stable development of the entire economy.
Overall, the continued rise in the dollar exchange rate reflects the market's optimistic expectations for the U.S. economy. As economic data continues to be strong, investor confidence in the U.S. dollar is gradually increasing. In the future, we will continue to pay attention to the development trends of the U.S. economy to better guide investment directions.