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USA: Dallas Fed Manufacturing Index falls to -15.7 in March, vs. -10.9 expected

  • 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

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