The US Dollar Raises Prior to Draghi's Comments and Durable Goods Data



[ad_1]

The US dollar rose on Thursday against a basket of world currencies in the first three-day gain, recovering from a two-week low earlier in the Asian market, ahead of the ECB Governor's comments Mario Draghi, and ahead of the major US economic data on durable goods orders in June.

The dollar index rose more than 0.2% at 12:05 GMT to trade at 94.08, the opening level of 93.89 points, the highest at 94.10 and the lowest at 93.85 since July 11th. In progress

The index has closed the session yesterday down 0.45%, the second consecutive daily loss, with a decline in US 10-year bond yields and a recovery of the single currency after a breakthrough in EU-US trade talks.

Investors are waiting for comments from Mario Draghi, governor of the European Central Bank, at 12:30 GMT on the results of the bank meeting, which should include clear evidence on the future of monetary policy in the region. eurozone.

On the other hand, investors are looking for important data on durable goods orders from the United States, one of the most important indicators of the extent of spending on goods and services. investment in the country. Last week's unemployment rate was the lowest since 1973.

Orders for durable goods are expected to increase 3.0% in June, up from 0.4% in May, excluding the planned transportation costs Top 0, 5% 0.0% high.

For weekly UI claims, 215,000 jobless claims are expected to be available until the week ending July 21 and $ 207,000. the previous week, the lowest level since 1973.

The Apostles
United States

[ad_2]
Source link