Investing.com - Industrial production in the U.S. rose more strongly than expected last month, according to data released on Monday.
The Federal Reserve said industrial production rose by a seasonally adjusted 1.3% in November, compared to expectations for a gain of 0.7%.
Industrial production for November was revised up to 0.1% from a previously reported decline of 0.1%.
The report showed that the capacity utilization rate, a measure of how fully firms are using their resources, rose to 80.1% last month from an upwardly revised 79.3% in October.
EUR/USD was trading at 1.2430 from around 1.2433 ahead of the release of the data, while USD/JPY was at 118.77 from 118.72 earlier.
U.S. stock futures extended gains following the report. The Dow futures index was up 0.65%, the S&P 500 futures gained 0.83%, while the Nasdaq 100 futures index rose 0.84%.