US: Philly Fed Nonmanufacturing Index declines to 53.1 in July from 59.6 in June
|- Philly Fed Nonmanufacturing Index edged slightly lower in June.
- US Dollar Index renews multi-month highs above 93.00.
The headline Regional Business Activity Index of the Federal Reserve Bank of Philadelphia's Nonmanufacturing Business Outlook Survey edged lower to 53.1 in July from 59.6 in June.
Further details of the publication revealed that the Firm-level Business Activity Index fell to 44.8 in July from 56.7 in June and the Full-time Employment Index improved to 24.8 from 4.3.
Market reaction
The US Dollar Index preserves its bullish momentum after this report and was last seen trading at its highest level since early April at 93.09, rising 0.27% on a daily basis.
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.