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Dollar Steady Ahead Of U.S. Industrial Production Report

09:10, 16th May 2012

(RTTNews) - The Federal Reserve's industrial production report is due out at 9:15 am ET. Economists estimate 0.3 percent growth in industrial production for April, while manufacturing output growth is also estimated at 0.5 percent. Capacity utilization may have edged down slightly to 79 percent.

The US dollar held steady against its major counterparts ahead of the report. As of 9:10 am ET, the greenback was trading at 1.2755 against the euro, 0.9420 against the Swiss franc, 1.5950 against the pound and 80.45 against the yen.

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