1:37 PM · 27 September 2022

BREAKING: USD weakens slightly after durable goods orders data

New orders for US manufactured durable goods fell to -0.2% month-over-month in August, extending losses from -0.1% decrease in July and below market expectations of -0.1%.

Durable goods orders excluding transportation remained unchanged at 0.20% in August, below market forecasts of 0.3% rise.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair approached upper limit of the triangle formation. Source: xStation5

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