- The Richmond Fed Manufacturing Index is higher than expected in March.
- The DXY US Dollar Index extends the daily rally after the data.
Activity in the manufacturing sector of the Fifth Federal Reserve District expanded at a stronger rate in March than in February, with the Richmond Fed Manufacturing Activity Survey Composite Index rising to 17 points from 14. This reading was better than the market expectation of 14 as well.
Additional details from the post revealed that the new orders index was unchanged at 10 points, while the price paid index rose to 6.15 from 4.47.
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