USD: Dallas Fed factory index eases to 9.8 as outlook fades despite output jump

The source does not name a currency pair and reports no price move, pip figure or levels. The Dallas Fed September manufacturing business index slipped to 9.8 from 11.6 in the prior reading. The underlying components were mostly stronger. New orders rose to 30.7 from 22.0, shipments climbed to 24.8 from 14.1, and employment improved to 15.1 from 8.0. Capex edged up to 8.5 from 8.2. The production index, a key gauge of Texas manufacturing conditions, jumped 13 points to 29.5 from 16.1. The forward-looking outlook index, however, dropped to 8.7 from 19.2, and the source notes that executives remain pessimistic. One beverage and tobacco manufacturer said tariffs and fuel prices are affecting incoming and outgoing products and costs. For USD traders, the report is mixed: current activity, hiring and orders improved, while expectations weakened and respondents cited tariff and fuel cost pressures.