The Philly Fed Manufacturing Index came out at 20.7 points, marginally above expectations. The NAHB Housing Market Index slid to 54 points, below expectations.
The dollar is marginally lower in the immediate response. We may see stronger moves later on.
The Philly Fed Manufacturing Index for October was expected to tick down to 20 points from 22.5 points last month. However, the weak Empire State figure may have reduced real expectations. The NAHB Housing Market Index was expected to remain unchanged at 59 points.
Good data didn’t really help the dollar earlier, but the greenback did strengthen before the release — more coming
Industrial output rose by 1% in August, much better than 0.4% expected. The Capacity Utilization Rate rose from 78.3% to 79.3%, above expectations as well.
And beforehand, we had the best jobless claims in 14 years: they plunged to 264K, better than all estimates.
Markets remain extremely volatile after the extreme USD sell off yesterday.
