BREAKING: USD muted after NY Fed index

1:31 PM 17 June 2024

New York Fed Empire manufacturing index for June was released today at 1:30 pm BST. The report is often overlooked by markets and does not trigger any immediate, large market reaction. However, this index as well as other regional activity indices are one of the most timely measures of the US economy performance and are worth watching as they often show economic developments before they are evidence in the 'hard' data.

Index was expected to improve from -15.6 in May to -10.0 in June. However, actual report showed a bigger than expected improvement, to -6.0. Nevertheless, in spite of this beat, no major move in the market could be spotted with USD moving just slightly higher.

Source: xStation5

Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits