Not sure what got into the data vendors but the Philly Fed data release was pretty badly botched. Reuters and Bloomberg each got it wrong initially before finally settling on the -22.6 as the correct figure…Bloomberg, for instance, reported the figure at +49!
These markets are hard enough without getting bun data.
EUR/USD is edging lower in its range as US equities take another leg to the downside. Shares are down 1.8%. Bids remain in the 1.3730 area, dealers report. It now trades at 1.3553.
