- NY Empire State Manufacturing Index came in higher than expected in July.
- US Dollar Index clings to daily gains above 92.50.
The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey improved sharply to 43 from 17.4 in June. This reading fell short of the market expectation of 18 by a wide margin.
This data doesn't seem to be having a significant impact on the USD's market valuation. As of writing, the US Dollar Index is up 0.2% on the day at 92.54.
"The new orders index climbed seventeen points to 33.2, and the shipments index increased thirty points to 43.8, pointing to rapid growth in both orders and shipments."
"The index for number of employees increased eight points to 20.6, and the average workweek index held steady at 14.0, pointing to ongoing gains in employment and hours worked."
"The index for future business conditions fell eight points, but at 39.5 indicated ongoing optimism about future conditions."
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.