US: Dallas Fed Manufacturing Index rises slightly to 1.2 in February vs. 11.8 expected
|The economic activity in Texas' manufacturing sector expanded modestly in February with the Federal Reserve Bank of Dallas' Texas Manufacturing Outlook Survey's headline General Business Activity Index edging up to 1.2 from -0.2. This reading, however, came in worse than the market expectation of 11.8.
"The new orders index fell nine points to 8.4, down from a 15-month high in January but still slightly above average," the publication read. "Expectations regarding future business conditions were slightly more optimistic in February. The indexes of future general business activity and future company outlook moved up to 18.0 and 24.1, respectively."
USD reaction
The US Dollar Index extended its slide after the disappointing data and was last seen at 99.22, down 0.12% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.