- Durable goods orders report for May with figures above expectations.
- The dollar was not affected by the figures.
The numbers on the durable goods requests for may were higher than the consensus of the market in general. Claims climbed 0.7%, above the 0.1% expected, and higher than the previous month’s 0.4% (revised from 0.5%). It is the seventh increase in the last eight months.
The petitions without taking into account defense registered an advance of 0.6&, being that the market consensus was for a fall of 0.5%. Excluding transportation, the rise was 0.7%, also higher than the expected 0.3%. Requests excluding defense and aviation rose 0.5%, above the 0.3% market consensus.
Later on Monday the pending home sales report for May will be released and then the Dallas Fed manufacturing index. The key data will be on Thursday with the core index of personal consumption expenditurea measure of inflation closely watched by the Federal Reserve.
After the report of dollar did not have major variations. The greenback trades without significant changes from Friday’s close. The Dollar Index (DXY) at 104.05/10, a daily drop of 0.03%.
Source: Fx Street
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