EUR/USD: US Core Durable Goods Orders

The European Common Currency traded sideways against the US Dollar, following the US Core Durable Goods Orders data release on Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 7 pips or 0.06% right after the release. The Euro continued trading at the 1.1110 level against the US Dollar.

Census Bureau released the US Core Durable Goods Orders data, which came out better-than-expected of 1.2% compared with the forecast of 0.2%. Note, that the ECB Press Conference took place at the same time.

According to the official release: "New orders for manufactured durable goods in June increased $4.9 billion or 2.0 percent to $246.0 billion. This increase, up following two consecutive monthly decreases, followed a 2.3 percent May decrease.  Excluding transportation, new orders increased 1.2 percent.   Excluding defense, new orders increased 3.1 percent.  Transportation equipment, also up following two consecutive monthly decreases, led the increase, $3.0 billion or 3.8 percent to $80.5 billion."