US: Dallas Fed Manufacturing Index improves to 14.6 in October vs. 6.8 expected

Dallas Fed Manufacturing Index rose more than expected in October.
US Dollar Index stays in the positive territory near 93.80.

Eren Sengezer FXStreet

The activity in Texas' manufacturing sector continued to expand at a robust pace in October with the headline General Business Activity Index of the Dallas Fed's monthly survey improving to 14.6 from 4.6 in September. This reading surpassed the market expectation of 6.8.

On a negative note, the Manufacturing Output Index edged lower to 18.3 from 24.2 in September. Additional details of the publication showed that the Employment Index rose to 28.3 from 26.3 and the New Orders Index climbed to 14.9 from 9.5.

Market reaction

This report doesn't seem to be having a noticeable impact on the greenback's performance against its major rivals. As of writing, the US Dollar Index was up 0.2% on the day at 93.80.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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