The New York Empire State Manufacturing Index rose to 24.6 pts in April- highest level since December 2021, from -11.8 pts in March and compared with market expectations of 0.5 increase.
Further details of the publication:
- New orders 25.1 versus -11.2 in March
- prices paid +86.4 a new record versus 73.8 March
- employment index +7.3 versus +14.5 of March
- six month business conditions index +15.2 versus +36.6 in March
EURUSD saw a relatively small reaction to today’s data inflation release. The most popular currency pair continued to trade around 1.0815 level. Source: xStation5