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Risk trades bump higher after US durable goods data

The US dollar has stumbled 15-20 pips across the board after the latest durable goods data. It's a bit of a confusing reaction as the tone of the numbers was strong despite a slightly weak headline at -4.5% vs -4.0% expected. That might be some flows kicking in at the same time as we wind down the month.

Cable is leading the chart, up 62 pips now to 1.2005 from a low of 1.1923 at the start of European trading at 1.1975 before the data. GBP/USD is one of the few US-trades that didn't bre... Read More

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Risk

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Bump

Higher

After

Durable

Goods

Data

Forex

Posted: Feb 27 2023, 13:45

Author Name: forexlive

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