Core durable goods orders fell by 0.2% in March, worse than a rise of 0.2% expected. And, this came on top of a downwards revision for last month’s number. Taking one step back, the last time that core orders enjoyed a rise was back in September.
The USD retreated, but then the markets probably remembered there isn’t something better to buy.
Read the rest of the article US GDP may have contracted in Q1 – USD shrugs it off