The Euro traded sideways against the US Dollar, following the US Durable Goods Orders data release on Wednesday at 12:30 GMT. The EUR/USD exchange currency rate lost 9 pips or 0.07% after the release. The Euro continued trading at the 1.1790 level against the Greenback after the release.
Census Bureau released the US Core Durable Goods Orders data, which came out better-than-expected of 2.4% compared with the forecast of 1.9%.
It is likely that that the increase in orders for durable goods indicates that the manufacturing sector continues to recover. However, the number of orders remains to be below pre-coronavirus levels.
| Date | 24.02.20 | 28.05.20 | 25.06.30 | 27.07.20 | 26.08.20 |
|---|---|---|---|---|---|
| Actual | -0.2% | -7.4% | 4.4% | 3.3% | 2.4% |
| Forecast | -6.1% | -14.8% | 2.1% | 3.5% | 1.9% |
| Pair | Open | Close | Change |
|---|---|---|---|
| AUD/USD | 0.72008 | 0.71949 | -0.08% |
| EUR/USD | 1.17883 | 1.17799 | -0.07% |
| NZD/USD | 0.65607 | 0.65529 | -0.12% |
| USD/JPY | 106.321 | 106.38 | 0.06% |
| Pair | Longs | Shorts |
|---|---|---|
| AUD/USD | 28.3% | 71.7% |
| EUR/USD | 32.2% | 67.8% |
| NZD/USD | 59.1% | 40.9% |
| USD/JPY | 49.0% | 51.0% |
Economic calendar