Philly Fed’s Manufacturing Index came in stronger than expected in November. US Dollar Index largely ignored the data and stays in range below 98. The economic activity in the Third Federal Reserve District’s manufacturing sector expanded at a stronger pace than expected in November with the Philadelphia Fed’s Manufacturing Index improving to 10.4 from 5.6 in October and beating the market forecast of 7. “The indexes for current shipments and new orders both fell: The current new orders index decreased 18 points, while the shipments index decreased 9 points,” the publication read. “Both the unfilled orders and delivery times indexes remained positive this month, suggesting higher unfilled orders and slower delivery times.” The US Dollar Index failed to capitalize on the upbeat data and was last seen moving sideways near the 97.80 handle. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD expected to navigate within 1.1010/1.1115 – UOB FX Street 3 years Philly Fed's Manufacturing Index came in stronger than expected in November. US Dollar Index largely ignored the data and stays in range below 98. The economic activity in the Third Federal Reserve District's manufacturing sector expanded at a stronger pace than expected in November with the Philadelphia Fed's Manufacturing Index improving to 10.4 from 5.6 in October and beating the market forecast of 7. "The indexes for current shipments and new orders both fell: The current new orders index decreased 18 points, while the shipments index decreased 9 points," the publication read. "Both the unfilled orders and delivery times… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
