Data playing into USD strength
US data has continued to surprise on the firm side of expectations in June. On Tuesday, US May durable goods orders data came in better than consensus, with core capital goods orders now up 7.6% on a 3-month annualized basis and the Conference Board’s consumer confidence measure rising to its best level since January 2008. Housing data also remains fairly buoyant, with new home sales beating estimates as well.
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BNP Paribas