When are the US Durable Goods Orders and how could they affect EUR/USD? – by hareshmenghani EURUSD UnitedStates EconomicIndicator Fed Currencies
About US durable goods orders
The Durable Goods Orders, released by the US Census Bureau, measures the cost of orders received by manufacturers for durable goods, which means goods planned to last for three years or more, such as motor vehicles and appliances. As those durable products often involve large investments they are sensitive to the US economic situation. The final figure shows the state of US production activity. Generally speaking, a high reading is bullish for the USD.
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