US July durable goods orders +1.1% vs +0.5% expected

  • Prior was +0.5%
  • Ex transport +0.4% vs +0.8% exp
  • Ex defense +1.3% vs +0.3% prior
  • Non-defense capital goods ex air +0.2% vs +0.9% exp

This is a softer report overall but the US dollar has been strengthening on the slightly-hotter PCE report released at the same time. The euro was last down 21 pips on the day to 1.1653.

This article was written by Adam Button at investinglive.com.