It’s that time of the month when we get a look at the durable goods orders
What’s expected from the Sep numbers?
– Durable goods orders expected -1.2% vs -2.3% in August
So no wild expectations awaited from the numbers. If the headline number is confirmed it will probably keep the buck soft but we may not see it significantly lower. It’s hard to see the buck making any real gains even if the number is better but still negative. Should we get a positive number then we could have some fun