EUR/USD: US Durable Goods Orders

The European Common Currency traded sideways against the US Dollar, following the US Durable Goods Orders data release on Friday at 12:30 GMT. The EUR/USD exchange currency rate lost 5 pips or 0.04% right after the release. The Euro continued trading at the 1.1196 level against the Greenback.

Census Bureau released the US Core Durable Goods Orders data, which came out slightly worse-than-expected of 0.0% compared with forecast 0.1%.

According to analysts, orders' decline was driven mostly by the US-China trade war. Non-military capital goods orders, except aircraft, declined 0.9%. Bookings for all items meant to last at least 3 years dropped 2.1%.