The U. S. dollar rose against the euro after the important statistics came out in U.S. today. Although the daily gain is almost absent, EUR/USD went significantly down from its daily maximum at 1.5753 after the news releases and is now trading near 1.5683 level.
Durable goods orders rose unexpectedly in June — they gained 0.6% after 0% change in May and negative (-0.3%) forecast for the last month.
Michigan sentiment index, which measures the consumers confidence, rose significantly in July — from 56.4 to 61.2. It was expected to remain at 56.4 level this month.
New home sales declined 0.6% in June compared to Mays 533k (annual rate), but the May value was revised up from 512k, so the current 530k is actually a good surprise for the market participants.
- admin_mm
- July 25, 2008
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