Richmond Fed Manufacturing Index rebounds sharply in May. US Dollar Index clings to small gains above 99 after data. The activity in the Federal Reserve’s Fifth District’s manufacturing sector continued to decline at a softer pace in May than it did in April with the Composite Index of the Richmond Fed’s Survey of Manufacturing Activity recovering to -27 from -53. This reading came in much better than the market expectation of -47. “All three components — shipments, new orders and employment — were above their April readings but still in contractionary territory,” the publication read. “The index for local business conditions was also negative, but contacts expected conditions to improve in the next six months.” Market reaction The US Dollar Index largely ignored this data and was last seen gaining 0.07% on the day at 99.08. 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: Bulls await a sustained move beyond 200-day SMA FX Street 3 years Richmond Fed Manufacturing Index rebounds sharply in May. US Dollar Index clings to small gains above 99 after data. The activity in the Federal Reserve's Fifth District's manufacturing sector continued to decline at a softer pace in May than it did in April with the Composite Index of the Richmond Fed's Survey of Manufacturing Activity recovering to -27 from -53. This reading came in much better than the market expectation of -47. "All three components — shipments, new orders and employment — were above their April readings but still in contractionary territory," the publication read. "The index for local business… 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.
