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The Greenback strengthened against its European counterpart, following the US core durable goods orders data released on Friday. The EUR/USD currency pair lost 17 pips, or 0.14%, to continue fluctuating in the 1.2336 area.
The Census Bureau reported that the country's core durable goods orders came in better than expected, posting 1.2% uptick in February and surpassing the forecast of a 0.5% surge. One of the main reasons for this rebound was the increase in shipments of core capital goods. Moreover, non-defense capital goods orders recorded the biggest increase in five months. This surge indicates that business spending is set to continue.
| Historical Data Table: US Core Durable Goods Orders m/m | Economic Calendar for 25.03.-26.03.2018 | ||||||||
| Date | 22.11.2017 | 22.12.2017 | 26.01.2018 | 27.02.2018 | 23.03.2018 | 9:45 PM | NZD Trade Balance | ||
| Actual | 0.90% | 0.30% | 0.70% | -0.20% | 1.20% | 8:30 AM | UK High Street Lending | ||
| Forecast | 0.40% | 0.50% | 0.50% | 0.40% | 0.50% | 11:50 PM | JPY SPPI y/y | ||
| Initial Reaction on Main Pairs | SWFX Sentiment Indexes | ||||||||
| Open Price | Close Price | % Change | Longs | Shorts | |||||
| AUD/USD | 0.77266 | 0.77248 | -0.02% | AUD/USD | 57.50% | 42.50% | |||
| EUR/USD | 1.23554 | 1.23383 | -0.14% | EUR/USD | 42.25% | 57.75% | |||
| USD/JPY | 105.136 | 105.087 | -0.05% | USD/JPY | 64.34% | 35.66% | |||
| NZD/USD | 0.72628 | 0.72535 | -0.13% | NZD/USD | 38.94% | 61.06% | |||