U.S. Dollar Comes Up Against Support,Euro Rally Could Be Short-Live

Companies:Dow Jones FXCM Dollar Index Topics:Currencies David Song,On Thursday July 21,2020,12:08 pm EDT

The Dow Jones-FXCM U.S. Dollar index tumbled to a fresh monthly low of 9457.89,and the reserve currency may struggle to hold its ground throughout the North American trade as investors raise their appetite for yields.

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EUR/USD:Trading the U.S. Durable Goods Orders Report

Market participants expect orders for U.S. durable goods to increase for the second consecutive month in October,and the data could instill an improved outlook for the world’s largest economy as private sector consumption remains one of the leading drivers of growth.

Trading the News:U.S. Durable Goods Orders

Why Is This Event Important:

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