US: Chicago Fed National Activity Index improves to 0.29 in May from -0.09

• Chicago Fed National Activity Index edged higher in May.
• US Dollar Index stays in the negative territory above 92.00.

The data published by the Federal Reserve Bank of Chicago showed on Monday that the National Activity Index (CFNAI) improved to 0.29 in May from -0.09 (revised from 0.24) in April. 

"The CFNAI Diffusion Index, which is also a three-month moving average, moved down to +0.22 in April from +0.32 in March," the publication further read. "Twenty-four indicators improved from March to April, while 60 indicators deteriorated and one was unchanged. Of the indicators that improved, ten made negative contributions."

Market reaction

This report was largely ignored by market participants and the US Dollar Index was last seen losing 0.25% on the day at 91.20.