US: NY Fed Empire State Manufacturing Index slumps to -32.9 in January vs. -4.5 expected – by hareshmenghani Manufacturing EconomicIndicator UnitedStates DollarIndex Currencies
US Dollar holds steady and reacts little to the dismal macro data.of New York's Empire State Manufacturing survey deteriorated further and plunged to -32.9 for January. The reading was well below consensus estimates pointing to a slight improvement to -4.5 from -11.2 in DecemberThe US Dollar , meanwhile, reacts little to the dismal macro data and flat-lines below the 102.00 mark, awaiting fresh catalyst before the next leg of a directional move.
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