FX Guys

Dallas Fed Manufacturing Index Rises To -9.0, Missing Analyst Expectations

Production Index declined from 1.6 in August to -3.2 in September, while New Orders Index decreased from -4.2 to -5.2.

Today, traders also had a chance to take a look at Chicago PMI report for September. The report showed that Chicago PMI increased from 46.1 in August to 46.6 in September, compared to analyst forecast of 46.2.

U.S. Dollar Index was moving higher as traders reacted to the Dallas Fed Manufacturing Index report. Currently, U.S. Dollar Index is trying to settle above the 100.60 level. Treasury yields gained some ground in today’s trading session, providing additional support to the American currency.

Gold  has started to move away from…
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