Most US figures came out better than expected. Durable goods orders are up 3%, double the expectations and with upwards revisions. Core orders are up 0.5%. Jobless claims are down to 260K and that’s good news.
The greenback is stronger:
Currency reactions
- EUR/USD dipping to new lows at 1.0575.
- GBP/USD stands at 1.5090.
- USD/JPY stands out with a recovery to 122.80.Â
- USD/CAD is up to 1.3333.
- AUD/USD is off the highs at 0.7244
- NZD/USD slips to 0.6555.
A big bulk of US data was released ahead of the Thanksgiving holiday.
The US dollar was looking strong towards the publications, especially against the euro
The data
- Jobless claims were expected to slide from 271K to 270K. Actual: 260K. Continuing claims are at 2.207.
- The core PCE Price Index was predicted to rise by 0.1%, same as last time m/m Actual 0%
- Core PCE Price Index y/y ws expected to remain at 1.3%. Remains 1.3%.
- Personal Income exp. +0.4% after +0.1%. Actual +0.4%.
- Durable goods orders exp. 1.5% after -1.2%. Actual 3%. Previous revised up to -0.8%.
- Core durable goods orders +0.3% after -0.3%. Actual +0.5%. Previous revised up to -0.1%.
- Spending exp. +0.3% after +0.1%. Actual +0.1%.
