Slight Strengthening of Dollar
Good fundamental macroeconomic data that was coming out today helped the U.S. dollar to fight back some of the pips, lost to euro yesterday. EUR/USD began this day at 1.4779, but now it hovers near the 1.4756 level. It's not a big gain for the greenback, but it has a potential to continue the trend during the rest of the week.
Durable goods orders in December unexpectedly rose by 5.2%, which is a lot higher than the 1.5% expected by the markets. This indicator has a strong influence on the U.S. economy and also the Forex market, so it can be a really positive news for dollar.
Consumer confidence surveyed by the Conference Board landed at 87.9 in January, after it was 90.6 in December (revised from 88.6). So, it really fell a just little down, but it's still better than forecasted 87.0.
Durable goods orders in December unexpectedly rose by 5.2%, which is a lot higher than the 1.5% expected by the markets. This indicator has a strong influence on the U.S. economy and also the Forex market, so it can be a really positive news for dollar.
Consumer confidence surveyed by the Conference Board landed at 87.9 in January, after it was 90.6 in December (revised from 88.6). So, it really fell a just little down, but it's still better than forecasted 87.0.
Labels: consumer confidence, durable goods orders
posted by enivid at 5:49 PM
0 Comments:
Post a Comment
<< Home