Durables were expected to fall 0.6% but rose 1.8%. Ex-transportation it rose 1.1%.
Non-defense capital goods spending, essentially what business is ordering, surged 4.8%, a green shoot.
Risk on is the theme: EUR/USD has firmed to 1.4055.
Durables were expected to fall 0.6% but rose 1.8%. Ex-transportation it rose 1.1%.
Non-defense capital goods spending, essentially what business is ordering, surged 4.8%, a green shoot.
Risk on is the theme: EUR/USD has firmed to 1.4055.