US durable goods orders recorded an improvement in July, according to data released shortly before the US Census Bureau, by -0.1% in July, or $0.4 billion, to rise to $257.2 billion in July, compared to a growth of about 0.9% in June, better than expectations that it would decline by about 0.3 % .
On the other hand, core orders, excluding transportation orders, rose by about 0.7%, compared to 0.5% in the revised June reading, better than expectations that indicated a growth of 0.5%. In details, new orders, excluding defense, decreased by 1.2%.
The US dollar recorded gains during today’s session, Wednesday, August 25, by about 0.16%, trading at 93.05 levels, after retreating for three consecutive sessions from its highest level since November last year.
The dollar is trading against the Japanese yen at an increase of about 40 points since the beginning of the session at levels of 110, while the euro is declining against the dollar by about 30 points, trading at levels of 1.1735.
06/11/2024
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