Latest data released by NFIB - 9 October 2018
- Prior 108.8
This is an index which measures the opinion of small businesses on the economic conditions in the country. The data was scheduled to be released at the top of the hour but the source website has released the report here.
Although it's a bit of a drop relative to August and expectations, it's still the third highest reading in the survey's 45-year history and that continues to highlight the optimism by small businesses surrounding the US economy. This signals that economic activity continues to be solid and won't detract from the positive picture of the US economy currently.
The release here isn't a major one but it feeds into overall dollar sentiment as a whole. EUR/USD now trades near the lows at 1.1463. GBP/USD similarly at 1.3046 as the dollar stays upbeat in the wake of rising Treasury yields. USD/JPY is a little lower at 113.19 as risk sentiment remains fragile with E-minis trading down 0.2% still on the day.
