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Rich Asplund

Euro Sees Support from Hawkish Lagarde Comments

LAGARDE United States ECB

The dollar index (DXY00) Tuesday fell -0.21%, while EUR/USD (^EURUSD) rose +0.43% on hawkish comments by ECB President Lagarde. USD/JPY (^USDJPY) rose +0.37%.

Tuesday’s May U.S. durable goods orders report of +1.7% m/m was stronger than expectations of -0.9%. Also, capital goods orders ex-defense and ex-aircraft, a proxy for corporate capital investment, rose +0.7% m/m, stronger than expectations of +0.1% m/m.

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