Dollar Crushed After Data Disappoints
The US dollar is getting crushed in early trade on Monday morning.
The dollar is falling against major currencies including the euro, the Japanese yen, and the British pound.
The drop in the dollar followed a disappointing report on durable goods orders that showed orders fell 1.3% month-over-month in September missing expectations for orders to rise 0.5%.
September's report from the Census showed nondefense new orders for capital goods in September fell 5.4%, while defense new orders for capital goods rose 7.4%.
We're also expecting housing data from the Case-Shiller home price index at 9:00 am ET, as well as consumer confidence data from the Conference Board and manufacturing data from the Richmond Fed at 10:00 am ET.
Here is a chart of the dollar's fall against the yen.
FinViz
And charts of the euro and pound rising against the the dollar.
FinViz
FinViz
- Singapore Airlines was ordered to pay a couple compensation for 'mental agony' after they complained their business-class seats didn't automatically recline
- Welcome to the white-collar recession
- A software engineer shares the résumé he's used since college that got him a $500,000 job at Meta — plus offers at TikTok and LinkedIn
- Adani Enterprises Q4 net falls 37%; incubating businesses show strong momentum
- India, New Zealand hold Joint Trade Committee meeting to deepen relations
- T20 World Cup: Here are the squads announced by major participating countries so far
- Aadhar Housing Finance sets IPO price band at ₹300-315 per share
- Rupee falls 3 paise to settle at 83.46 against US dollar