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 Monday at 12:30 GMT. The EUR/USD exchange currency rate gained 3 pips or 0.03% right after the release. The Euro continued trading at the 1.1115 level against the Greenback.

Census Bureau released the US Core Durable Goods Orders data, which came out worse-than-expected of negative 0.4% compared with the forecast of 0.2%.

According to the official release: "New orders for manufactured durable goods in July increased $5.0 billion or 2.1 percent to $250.4 billion.  This increase, up two consecutive months, followed a 1.8 percent June increase.  Excluding transportation, new orders decreased 0.4 percent.  Excluding defense, new orders increased 1.4 percent.  Transportation equipment, also up two consecutive months, drove the increase, $5.7 billion or 7.0 percent to $86.3 billion."