NY Empire State Manufacturing Index continued to decline in January. US Dollar Index clings to daily gains around 90.50. The headline General Business Conditions Index of the NY Fed’s Empire State Manufacturing Survey fell to 3.5 in January from 4.9 in December, the NY Fed’s report revealed on Friday. This reading missed analysts’ estimate of 6. Additional takeaways “The new orders index rose three points to 6.6, indicating a small increase in orders, and the shipments index fell to 7.3, pointing to a modest increase in shipments.” “The index for number of employees fell three points to 11.2, a level pointing to ongoing gains in employment.” “The index for future business conditions came in at 31.9, suggesting that firms remained optimistic about future conditions.” Market reaction The US Dollar Index showed no immediate reaction to this report and was last seen gaining 0.27% on the day at 90.48. 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 US: Industrial Production expands by 1.6% in December vs. 0.4% expected FX Street 2 years NY Empire State Manufacturing Index continued to decline in January. US Dollar Index clings to daily gains around 90.50. The headline General Business Conditions Index of the NY Fed's Empire State Manufacturing Survey fell to 3.5 in January from 4.9 in December, the NY Fed's report revealed on Friday. This reading missed analysts' estimate of 6. Additional takeaways "The new orders index rose three points to 6.6, indicating a small increase in orders, and the shipments index fell to 7.3, pointing to a modest increase in shipments." "The index for number of employees fell three points to 11.2, a level pointing to ongoing… 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.
