BREAKING: USD ignores weak Dallas Fed index reading

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Dallas Fed manufacturing index reading for September was the only US reading scheduled for today, in an otherwise empty calendar. Report was expected to show improvement from -17.2 report in August to -13.0. However, actual data showed a deterioration to -18.1. Nevertheless, the reading was ignore by the markets and previous themes continue - equities trade under pressure amid pick-up in bond yields. 10-year US yield climbing above 4.50% is providing support for USD, which is the best performing G10 currency today.

USDJPY barely saw any reaction to weak Dallas Fed index reading for September and the pair continues to trade near daily highs, close to 149.00 mark. Source: xStation5

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