United States Core Durable Goods were released earlier today, causing movement between currencies such as Euro vs. U.S Dollar.
The report came out lower than expected, dipping to – 0.1% from an expected 0.1%. Core durable goods slipped in August to – 0.1% from July's 0.7% index.
This report measures the change in the total value of new purchase orders placed with manufacturers for durable goods.
Euro/U.S Dollar acted on a rush upwards for less than two minutes, moving less than 10 pips up to 1.3651. The pair then bungee-jumped from 1.3651 to 1.3614 in less than 10 minutes. Moving even further, the pair went as low as 1.3603 after the news release.
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