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Philadelphia Fed Manufacturing Index improves in January

According to the Manufacturing Business Outlook Survey carried out by the Reserve Bank of Philadelphia, the index, which gauges the current general activity in the sector, rose to -10.6 in the first month of 2024.

Further data saw the indices for New Orders and Shipments at -17.9 and -6.2, respectively, while the Employment index also ticked higher to -1.8 and the Prices Paid index receded to 11.3.

USD dips remain a buying opportunity against the core majors – Scotiabank

The US Dollar (USD) trades directionless on Thursday in light trade.
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USD/JPY: One-month forecast revised up to 148.00 – Rabobank

Economists at Rabobank analyze USD/JPY outlook ahead of Japan’s December Consumer Price Index (CPI) inflation data.
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