NY Empire State Manufacturing Index fell more than expected in August. US Dollar Index dropped below 93.00 after the data. The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey declined from 17.2 in July to 3.7 in August. This reading missed the market expectation of 15 by a wide margin. Key takeaways “New orders were little changed and shipments increased modestly.” “Unfilled orders were down, and inventories declined.” “Employment inched higher, while the average workweek declined.” “Firms remained optimistic that conditions would improve over the next six months, though optimism fell for a second consecutive month.” Market reaction The US Dollar Index edged lower after this data and was last seen losing 0.18% on a daily basis at 92.93. 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 Price Analysis: Potential short-term top in place FX Street 2 years NY Empire State Manufacturing Index fell more than expected in August. US Dollar Index dropped below 93.00 after the data. The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey declined from 17.2 in July to 3.7 in August. This reading missed the market expectation of 15 by a wide margin. Key takeaways "New orders were little changed and shipments increased modestly." "Unfilled orders were down, and inventories declined." "Employment inched higher, while the average workweek declined." "Firms remained optimistic that conditions would improve over the next six months, though optimism fell for a second consecutive month." Market reaction… 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.
