- The Dallas Fed Manufacturing Index rose more than expected in October.
- The US Dollar Index remains in positive territory near 93.80.
Activity in the Texas Manufacturing Sector it continued to expand at a robust pace in October with the Dallas Fed monthly survey General Business Activity Index improving to 14.6 from 4.6 in September. This reading beat the market’s expectation of 6.8.
With a negative tone, the manufacturing production index fell to 18.3 from 24.2 in September. Additional details from the release showed that the employment index rose to 28.3 from 26.3 and the new orders index rose to 14.9 from 9.5.
Market reaction
This report does not appear to have a noticeable impact on the performance of the dollar against its main rivals. At time of writing, the US Dollar Index was up 0.2% on the day at 93.80.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
