Dallas Fed Manufacturing Index recovered from record lows in May. US Dollar Index stays within a touching distance of 99.00. The economic activity in Texas’ manufacturing sector continued to decline in May with the General Business Activity Index of the Federal Reserve Bank of Dallas’ Manufacturing Outlook Survey coming in at -49.2. However, this reading followed April’s all-time low of -74 to suggest that the contraction occurred at a softer pace. Further details of the report revealed that the New Orders Index rose by 38 points to -30.6 and the Employment Index recovered from -22 to -11.5. “Expectations regarding future business conditions were mixed in May,” Dallas Fed said. “The index of future general business activity remained negative but rose 24 points to -19.0. Most indexes for future manufacturing activity returned to positive territory, rebounding notably in May.” Market reaction The US Dollar Index edged slightly lower after this data and was last seen losing 0.77% on the day at 99.04. 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 Bitcoin Price Analysis: BTC/USD capped by 1-hour SMA50 – Confluence Detector FX Street 3 years Dallas Fed Manufacturing Index recovered from record lows in May. US Dollar Index stays within a touching distance of 99.00. The economic activity in Texas' manufacturing sector continued to decline in May with the General Business Activity Index of the Federal Reserve Bank of Dallas' Manufacturing Outlook Survey coming in at -49.2. However, this reading followed April's all-time low of -74 to suggest that the contraction occurred at a softer pace. Further details of the report revealed that the New Orders Index rose by 38 points to -30.6 and the Employment Index recovered from -22 to -11.5. "Expectations regarding future… 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.
