BREAKING: Richmond Fed index misses expectations

Richmond Fed manufacturing index for March was released at 2:00 pm GMT today. Report was expected to show no change compared to February, with the index staying at -5.0. Actual report turned out to be a negative surprise, with the index dropping to -11.0. USD dropped following the release, but this move was more likely driven by worse-than-expected release of Conference Board consumer confidence data for March, that was released simultaneously.

Source: xStation5

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