US: Philadelphia Fed Manufacturing Index improves to -10.4 in May vs. -19.8 expected

US: Philadelphia Fed Manufacturing Index improves to -10.4 in May vs. -19.8 expected – by MSalordFX UnitedStates EconomicIndicator

US Dollar Index rises to fresh monthly highs above 103.20. of Philadelphia's Manufacturing Survey rose to -10.4 in May from the three-year low of -31.3 in April, and was above the market expectation of -19.8., according to the firms responding to the May Manufacturing Business

The diffusion index for future general activity declined 9 points to -10.3, the index’s third consecutive negative reading.The Greenback gained momentum after the release of Jobless Claims and the Philly Fed, hitting fresh daily highs versus its main rivals. The DXY trades at monthly highs above 103.20. The April Existing Home Sales report is scheduled to be released later on Thursday.Information on these pages contains forward-looking statements that involve risks and uncertainties.

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