USD Overview (28 July 2020)

Yesterday, USD weakened against most major currencies except CHF.

It was reported yesterday morning that the U.S. consulate in Chengdu is officially closed.

The U.S. durable goods orders m/m data released yesterday indicated a slightly better than forecasted increase in newly purchase orders placed with manufacturers.

• Core Durable Goods Orders m/m (Actual: 3.3%, Forecast: 3.5%, Previous 3.7% revised from 4.0%)
  
• Durable Goods Orders m/m (Actual: 7.3%, Forecast: 7.0%, Previous 15.7% revised from 15.8%)
  

The CB Consumer Confidence data (Forecast: 94.0, Previous: 98.1) will be released later at 2200 (SGT).