US data

• Basic orders for durable goods in the US (m / m),  fact  -0.3%,  forecast  0.5%.
• The volume of orders for durable goods in the US (m / m), fact -0.6%, forecast  -0.9%.
• The balance of foreign trade in US goods,  fact  -4.85V,  forecast -68.90V.

Orders for durable goods in the US unexpectedly declined in May, putting indirect pressure on the US currency due to very outdated statistics and renewed growth in optimism in the market. A very optimistic note in the US report was the external trade balance of the US, which reduces the deficit for the third month in a row.

Fig. 1. The external trade balance of the United States.

At the same time, support for the American currency continues to be provided by the positive dynamics of the stock exchanges. As a result, the US dollar index is limited only to psychology 95.00.

Fig. 2. US dollar index Graph. The current price is 94.90 (the yield of 10-year government bonds is a blue line)

Read also: “Fundamental analysis: interest rate and its impact on the exchange rate”

Hanzenko Anton