BREAKING: USD sees little reaction to US durable goods orders data

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New orders for US manufactured durable goods fell to -0.1% MoM in July, following upwardly revised 0.9% increase in June and above market forecasts of -0.3% as factories continue to struggle with parts and labor shortages and higher material costs.

Durable Goods Orders Excluding Transportation edged up 0.70% MoM in July, following an upwardly revised 0.6% rise in June and compared to analysts’ expectations of 0.5%.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1735 level. Source: xStation5

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