FX: The euro is weak due to negative perceptions of the economy.
The US dollar was better than expected in US durable goods orders, but it closed at the end of the day due to the recent rise. The euro and pound have fallen due to economic and political uncertainties, while the yen has been stronger in favor of safe assets.
US durable goods orders in March surpassed the previous month’s (-1.1%) and market consensus (0.8%) to 2.7%. Non-defense core capital goods orders, which are a leading indicator of facility investment, are also good at 1.3% MoM. The euro has fallen due to concerns over weak German indicators and the economic downturn.
Commodity: International oil prices fall on profit-taking.
International oil prices are on the rise for recent gains. The price burden continued to rise due to a recent surge, and the burden on US crude oil inventories continued to rise. Oil prices fell 1.03% yesterday to close at $ 65.21 as profits were realized after the day before.
The gold rallied yesterday after strengthening the preference for safe assets as concerns about the global economic slowdown continued and the stock market weakened. However, as the dollar is still moving from its peak, the rise is limited and only a slight rise.