The publication of this afternoon’s report on durable goods orders highlighted the halting growth that many analysts had feared. The US Census Bureau reported a 2.1% decline in durable goods orders for the month of June, with a meager 0.1% growth in core durable goods orders.
The core report, which excludes transportation items, did show small growth, but the nominal reading highlights the sentiment that companies are not investing in their logistics and transportation infrastructure. The readings have so far helped fuel the rise of safe-haven investing among traders, and this sentiment appears to be holding steady through the rest of the week.
Read more forex trading news on our forex blog.
