While headline Durable Goods Orders declined 9.3% in June, mainly due to a drop in aircraft orders, core figures pointed to steady manufacturing activity.

The 10-year Treasury yield hovered near 4.39%, signaling that investors expect stable growth while awaiting clearer guidance from the Federal Reserve.

Fed Policy in Focus Amid Political Pressure

Speculation surrounding the Fed’s next move intensified following President Trump’s unusual visit to the central bank, where he reiterated calls for rate cuts. Despite this pressure, Chair Jerome Powell has remained cautious.

According to a Reuters poll, most analysts expect rates to stay at 4.25%–4.50% during this week’s meeting, with a potential cut delayed until September.

Global Trade Progress and Diplomacy Boost Outlook

The dollar also benefited from U.S. trade progress with Japan, Indonesia, Vietnam, and the U.K., which helped ease global risk sentiment.

Investors are closely watching U.S.-EU negotiations and Monday’s plan, key events that could shape the international trade landscape and further influence dollar dynamics.



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