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NY Empire State Manufacturing Index at 3.7 in August vs 15.0 expected

Adel 17 August, 2020 5:55 pm Market Update

The US NY Empire State Manufacturing Index fell more than expected in August. It came at 3.7, declined from 17.2 in July and fell short of 15.0 expected.

New orders -1.7 vs +13.9 last month, little changed.

Employment jumped higher to +2.4 vs +0.4 last month.

Shipments +6.7 vs +18.5 last month.

Future business conditions 34.3 vs 38.4 last month.

USD reacted negatively to the data release, declining to 92.93. Meanwhile, EURUSD jumped higher, trading near 1.1860 and looking to the 1.1870 area.

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