USD Overview (28 October 2020)

Yesterday, USD weakened against most major currencies except EUR, AUD and CHF.

The durable goods orders m/m data released yesterday indicated a strong growth in new orders for U.S.-made capital goods in September.

• Core Durable Goods Orders m/m (Actual: 0.8%, Forecast: 0.3%, Previous: 0.6% revised from 0.4%)
  
• Durable Goods Orders m/m (Actual: 1.9%, Forecast: 0.5%, Previous: 0.5% revised from 0.4%)
  

Also, the Conference Board Consumer Confidence data (Actual: 100.9, Forecast: 102.1, Previous: 101.8) released indicated a slight decline in the confidence of current and future economic conditions from surveyed households mainly due to a softening in the short-term outlook on the jobs market.