US: NFIB Small Business Optimism Index improved to 104.7 in July vs. 104.9 expected
|- NFIB Small Business Optimism Index comes in below expectations in July.
- Greenback ignores data, DXY stays in daily range below 97.50.
In its latest survey, the National Federation of Independent Business (NFIB) showed that optimism among small business owners in the US rose to 104.7 in July from 103.3 in June but came in slightly worse than the market expectation of 104.9.
The US Dollar Index didn't pay much attention to the data and was last seen posting small daily gains at 97.44.
"While many are talking about a slowing economy and possible signs of a recession, the 3rd largest economy in the world continues to defy expectations, generating output, creating value, and expanding the economy,” NFIB President and CEO Juanita D. Duggan noted in today's publication.
“Small business owners want to grow their operations, and the only thing stopping them is finding qualified workers.”
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.