One hour after the announcement of better numbers for the US durable goods orders, the current spot rates are as follows: –
EURUSD 1.3109
GBPUSD 1.5444
USDJPY 97.61
AUDUSD 0.9274
Basically, except for the EUR which continues to hold a weaker position down by 20bps from the time of announcement, the rest, that is, the GBP and JPY are flat and the AUD is 5bps higher than at 8:30pm.
Seems like the European and US markets are losing confidence in the US Dollar. However, the Dow Jones is up 96 points this morning in New York.
I believe some calm or rationale has come back to the marketplace for now.
The Panthenon Investment Group 