US: Focus on manufacturing data - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities suggest that the NY Empire manufacturing index is expected to bounce back into positive territory in July (mkt: +2.0), following the massive decline in June to -8.6 from 17.8 before.

Key Quotes

“The improvement would likely reflect some easing on trade worries that affected manufacturing sentiment in June (US-Mexico standoff and fallout in US-China talks pre-G20).”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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