BREAKING: US durable goods orders rose sharply in August

New orders for US manufactured durable goods were up 1.8 % MoM in August, following 0.1% decrease (revised to 0.5%) in July and well above market forecasts of 0.7% as factories continue to struggle with parts and labor shortages and higher material costs. Main rises were seen in orders for nondefense aircraft and parts (77.9%), capital goods (6.7%), transportation (5.5%) and manufacturing (3.3%).

Durable Goods Orders Excluding Transportation dropped to 0.2 % MoM in August, following 0.8% increase in July and compared to analysts’ expectations of 0.5% rise.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade slightly below 1.1700 level. Source: xStation5