Philly Fed Manufacturing Index fell at a stronger pace than expected in December. US Dollar Index remains depressed below 90.00 after the data. The headline Diffusion Index of the Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey fell sharply to 11.1 in December from 26.3 in November. This reading missed the market expectation of 20 by a wide margin. Key takeaways “The index for new orders decreased nearly 36 points to a reading of 2.3.” “The current shipments index fell 11 points to 14.4 in December.” “The current employment index has remained positive for six consecutive months but decreased 19 points to 8.5 in December.” “The survey’s future indicators for activity and new orders were slightly weaker this month, but future indicators for shipments and employment improved.” Market reaction The US Dollar Index failed to stage a meaningful rebound after this data and was last seen losing 0.66% on the day at 89.85. 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 Canada: ADP Employment Change improves to +40.8K in November FX Street 2 years Philly Fed Manufacturing Index fell at a stronger pace than expected in December. US Dollar Index remains depressed below 90.00 after the data. The headline Diffusion Index of the Federal Reserve Bank of Philadelphia's Manufacturing Business Outlook Survey fell sharply to 11.1 in December from 26.3 in November. This reading missed the market expectation of 20 by a wide margin. Key takeaways "The index for new orders decreased nearly 36 points to a reading of 2.3." "The current shipments index fell 11 points to 14.4 in December." "The current employment index has remained positive for six consecutive months but decreased… 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.
