The US Census Bureau reported on Friday that new orders for manufactured durable goods in January remained virtually unchanged at 1.2 billion, with a marginal decline of
.1 billion. This follows three consecutive declines in the previous four months, signaling mixed momentum in the manufacturing sector. The data comes amid ongoing economic uncertainty, with investors closely monitoring inflation trends and Federal Reserve policy signals.
For forex markets, the flat durable goods report may limit immediate volatility in the USD. While a stronger manufacturing sector typically supports the dollar, the lack of significant movement in orders could prevent a sharp rally. Traders may focus on upcoming employment data and Fed speeches for clearer direction on monetary policy.
Looking ahead, the report underscores the need for further economic data to assess the health of US manufacturing. Investors should watch for follow-up reports on industrial production and consumer spending, which could influence USD momentum and broader market sentiment in the coming weeks.
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