The Philly Fed Manufacturing Index was expected to advance from -6 to -1.8 points in October. This early indicator provides a view on the manufacturing sector. The actual result is only -4.5.
The US dollar was recovering thanks to better than expected data earlier and this recovery seems to have come to a halt. EUR/USD is rising from the lows of 1.1363 and topping 1.1380. Similar moves are seen in other currency pairs.
Read the rest of the article Philly Fed Manufacturing Index misses with -4.5 – dollar recovery halted