Yesterday US economists heard the NY Empire State manufacturing index sank to -32.9 in January 2023, from -11.2 in December last year. This reading pointed to the fifth worst contraction in business activity ever recorded in New York state. It was also well below market expectations of -9.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
USD/EUR: the past year


