Orders for durable goods rose by 0.8% in the US
Today was published statistics on orders for durable goods in the US, which grew in March by only 0.8%, which was significantly worse than the forecast of 1.9%. In February this index fell by 3.0%. The volume of orders for durable goods excluding transportation component fell by 0.2% compared with the expected growth of 0.6%. The deterioration of macroeconomic data in the US may lead to a dovish rhetoric during tomorrow's Fed statement. On the other hand, the expected inflation rate and the positive trend in the US labor market will stimulate the earlier rise in interest rates. We forecast a drop in euro prices in the medium term with targets at 1.0985 and 1.0850 and expect increased volatility in the coming days.
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