The Commerce Department showed that the US Durable Goods fell 6.8% in July amid weaker demand for commercial jets, while its Core measure marked a better-than-expected gain of 0.5% in the same period.
The US Durable Goods reports on early Friday caused a modest market reaction additionally muted ahead of two economic leaders’ speeches. However, while the Fed Chair Janet Yellen avoided commenting the US Central Bank’s monetary policy, the Greenback weakened against the Euro by 66 pips or 0.56%. Moreover, the EUR/USD jumped again by 48 base points to consolidate near the 1.1927 level following Mr. Draghi, as the markets focused on positive sides of his speech, ignoring notice on growing threats of trade protectionism.
