BREAKING: NY Fed reading much weaker than expected

Regional New York Fed index came in -20 vs -7 exp.and -2.40 previously signalling unexpected cooling off in economy

US export prices rose MoM by 0.8% vs 0.4% exp. and 0.8% previously
US import prices rose MoM by 0.3% in line with expectations vs 0.8% previously

USD didn't react to weaker than expected data from US economy. NY Fed is regional index and its reading may be seasonally hited by different factors.

Source: xStation5

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BREAKING: NY Fed reading much weaker than expected

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