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Durable Goods Orders Report Helps USD Against EUR

September 28, 2011 by

While EUR/USD is still above today’s open level it is significantly below today’s high level. One of the reasons that helped the dollar to rise against the euro is the macroeconomic report regarding the durable goods purchases.

Durable goods orders decreased slower than expected in August — they were down by 0.1% compared to -0.2% forecast. July growth was revised from 4.0% to 4.1%. (Event A on the chart.)

Crude oil inventories increased by 1.9 million barrels last week, following 7.3 million barrels drop during the previous week. Motor gasoline inventories increased by 0.8 million barrels during the period. (Event B on the chart.)

EURUSD as of 2011-09-28

If you have any comments on the recent EUR/USD action, please reply using the form below.

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