Durable Goods Orders m/m comes in at 0.3% against 1.7% consensus

The Durable Goods Orders m/m for July 2026 came in at 0.3%, significantly below the consensus expectation of 1.7%. This represents a surprise of -82.4% against the consensus. The previous month’s reading was -4.5%.

Following the release, the US Dollar showed a mixed reaction against major pairs after 15 minutes. EURUSD declined by 3.3 pips, GBPUSD by 3.4 pips, and AUDUSD by 0.4 pips. USDCHF gained 4.3 pips and USDJPY gained 3.0 pips. NZDUSD saw a small gain of 0.4 pips, while USDCAD gained 0.3 pips. XAUUSD declined by 0.7 pips. These initial movements are relatively small when compared to the historical median 1-hour moves for these pairs, which typically range from 6 pips for AUDUSD to 22 pips for XAUUSD after similar releases.