Core Durable Goods Orders comes in at 0.6% against 0.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
Core Durable Goods Orders for the US economy rose by 0.6% month over month, according to data released today. This figure exceeded the consensus expectation of 0.4%, representing a 50.0% surprise against forecasts. The previous month’s reading was 1.3%.
Following the release, market reaction in major currency pairs and gold has been relatively subdued over the initial 15 minutes. EURUSD declined by 3.3 pips, while GBPUSD also saw a 3.4 pip decrease. USDCHF gained 4.3 pips, and USDJPY rose by 3.0 pips. AUDUSD moved -0.4 pips, NZDUSD moved +0.4 pips, and USDCAD moved +0.3 pips. XAUUSD registered a -0.7 pip change. These initial moves are small when compared to the typical median 1-hour moves observed after past releases, which include 11 pips for EURUSD, 13 pips for GBPUSD, 9 pips for USDCHF, and 11 pips for USDJPY.