FX : U.S. Durable goods orders rise the highest in two years; Dollar favoured
FXstreet.com (Barcelona) - Orders for expensive goods produced in the U.S. have risen 4.9% in July, beating market expectations of a 3.0% increase, on the back of demand for planes and capital goods. The Dollar has strengthened accross the board.
EUR/USD has dropped from levels around 1.4290 to levels right above intra-week low at 1.4250 which is under pressure at the moment.
GBP/USD decline from 1.6625 high on Friday has extended to levels below 1.6240, and the Pound trades at fresh 6-week low 1.6230 moments after the release of durable goods data.
USD/JPY rose from levels around 94.20 to reach 94.40 intra-day high after durable goods data was released, although the pair retreated immediately afterwards to 94.20.
