The Dallas Fed Manufacturing Business Index is up more than 8 points in April to 37.3. In March, the indicator stood at 28.9. The result significantly improves the 23.4 expected by the market.
This is the third consecutive month of improvement for the manufacturing sector as measured by the Dallas Fed, and the best result seen by the indicator in almost three years, specifically since June 2018.
USD reaction
The US dollar index, DXY, has started the week lower, falling to 90.68, a seven-and-a-half-week low. Subsequently, the greenback was regaining ground, reaching an intraday high at 90.93 at the American opening. After the publication of the data, the dollar is trading over 90.88, gaining 0.06% daily.
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