Richmond Fed Manufacturing Index posts first positive reading since March. US Dollar Index shows no reaction to the data, stays near 93.70. The activity in the Federal Reserve’s Fifth District’s manufacturing sector expanded modestly in July with the Composite Index of the Richmond Fed’s Survey of Manufacturing Activity rising to 10 from 0 in June. This was the first positive reading since March. “The indexes for shipments and new orders suggested expansion, while the third component index—employment— remained slightly negative,” the press release read. “The local business conditions index rose further, suggesting some improvement in sentiment. Survey respondents were optimistic that conditions would improve in the next six months.” Market reaction The US Dollar Index largely ignored this report and was last seen posting small daily gains at 93.69. 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 GBP/USD spikes to fresh multi-month tops, around 1.2930 region FX Street 3 years Richmond Fed Manufacturing Index posts first positive reading since March. US Dollar Index shows no reaction to the data, stays near 93.70. The activity in the Federal Reserve's Fifth District's manufacturing sector expanded modestly in July with the Composite Index of the Richmond Fed's Survey of Manufacturing Activity rising to 10 from 0 in June. This was the first positive reading since March. "The indexes for shipments and new orders suggested expansion, while the third component index—employment— remained slightly negative," the press release read. "The local business conditions index rose further, suggesting some improvement in sentiment. Survey respondents were optimistic… 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.
