- The Dallas Fed’s March manufacturing index disappointed market expectations.
- The Dollar Index falls 0.10% in a quiet day.
The Federal Reserve Bank of Dallas Texas Manufacturing Survey General Business Activity Index it dropped to -15.7 in March from -13.5 in February. This result was lower than market expectations, which expected a -10.9.
Other survey details revealed that the Production Index rose from -2.8 to 2.5, the Employment Index improved to 10.4 from -1.0, New Orders fell from -13.2 to -14.3, Prices Received fell from 15.5 to 7.0 and the Price paid for the raw material fell from 25.1 to 20.3.
Market reaction
The Dollar Index is down 0.10% on Monday as it trades around 103.00, weakening amid better tone in market sentiment.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
