US durable goods orders report for August was released today at 1:30 pm BST. As this was flash release, report was watched closely by market participants. Market consensus pointed to a weakish print but actual data showed an unexpected increase in headline orders. Core orders (excluding transport) were also higher than expected.
USD gained following the release with EURUSD retesting daily lows near 1.0535 mark. However, those gains were short-lived and has been almost completely erased by now.
US, durable goods orders for August.
- Headline: +0.2% MoM vs -0.5% MoM expected (-5.2% MoM previously)
- Ex-transport: +0.4% MoM vs +0.1% MoM expected (+0.4% MoM previously)