2:04 PM · 5 July 2022

BREAKING: US Factory orders above expectations

Factory orders in the US rose 1.6% in May, from a upwardly revised 0.7% gain in April and beating market forecast of a 0.5% rise.
Factory Orders Ex Transportation increased to 1.7%in May from upwardly revised 0.6% in April.

EURUSD saw a relatively small reaction to today’s release. The most popular currency pair continues to trade around 1.0260 level. Source: xStation5

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There is no good scenario for the euro today

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