- US durable goods orders expand 0.4% m/m, with expectations for 0.6% m/m and previous 0.4% m/m increase (revised up from 1.1% m/m)
- Orders Ex-Transport expand 0.3% m/m, with expectations for 0.6% m/m and previous 1.2% m/m
- Orders are up 6 of last 7 months.
- Consecutively weaker data from US make us less confident about strong US rate hikes
- In July 50bp hike is already priced below 100% and in September 50bp hike only at 30%
- Dollar stops its today's appreciation
Orders last fell in February and earlier in September. Source: US Census Bureau
