BREAKING: New York Empire index well above expectations

The New York Empire State Manufacturing Index rose to 24.6 pts in April- highest level since December 2021, from -11.8 pts in March and compared with market expectations of 0.5 increase.

Further details of the publication:

New orders 25.1 versus -11.2 in March
prices paid +86.4 a new record versus 73.8 March
employment index +7.3 versus +14.5 of March
six month business conditions index +15.2 versus +36.6 in March

EURUSD saw a relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.0815 level. Source: xStation5

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