Investing.com - The National Federation of Independent Business index of small business optimism rose to a three-month high in August, fuelling optimism over the health of the economy, official data showed on Tuesday.
In a report, National Federation of Independent Business said that NFIB Small Business Optimism rose to 96.1 last month from 95.7 in July. Analysts had expected the index to rise to 95.9 in August.
“Expectations are still glum, although improving grudgingly. More owners still think business conditions will be worse in six months than think they will be better. Few see the current period as a good time to expand,” said NFIB chief economist Bill Dunkelberg.
EUR/USD was trading at 1.2891 following the release of the data, while GBP/USD was at 1.6109.
Meanwhile, U.S. equity markets pointed to a higher open. The Dow 30 indicated a gain of 0.1%, the S&P 500 pointed to a rise of 0.1%, while the NASDAQ 100 indicated an increase of 0.2%.