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 Thursday at 12:30 GMT. The EUR/USD exchange currency rate lost 3 pips or 0.03% right after the release. The Euro continued trading at the 1.1130 level against the Greenback.

Census Bureau released the US Core Durable Goods Orders data, which came out slightly worse-than-expected of negative 0.3% compared with the forecast of negative 0.2%.

According to analysts, the US-China trade was and its tariffs are affecting the global manufacturing sector, and the US manufacturing is likely to remain weak.