EUR/USD was volatile today and rising currently after number of orders for durable goods unexpectedly fell in June. Inventories of crude surged significantly, also surprising market participants. EUR/USD trades currently near 1.3025.
Durable goods orders unexpectedly dropped by 1.0% in June, the second consecutive monthly decrease, following the decrease by 0.8% in May. This release frustrated traders, who expected a growth by 0.8%.
Crude oil inventories increased by 7.3 million barrels from the previous week. Total motor gasoline inventories increased by 0.1 million barrels last week, and are above the upper limit of the average range.
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