Responses to the Durable Goods results were limited with the Fed meeting on Wednesday dominating market considerations.
Equities were slightly lower, with the S&P 500 losing 0.47%, the Dow shedding 0.24% and the NASDAQ taking the largest hit,1.2% related to China’s crackdown on some of its largest tech firms.
Treasury yields fell due to the expected continuation of the Fed’s easy money policy and the lack of new information on the prospects for a tapering of the bond program.
The dollar was mixed, gaining against the euro, sterling, Australian, New Zealand and Canadian dollars but falling versus the Japanese yen and Swiss Franc.
USD/JPY Weekly Forecast: There is no hiding from bond yields fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
already some concerns out there. we have durable goods orders and they were flat for the month of october. that was better than had been expected because in september we saw a huge number. we thought we d see a drop. but there was a number within. the shipments of nondefense capital goods, ex-aircraft. that sounds like a big, con voe is lu convoluted term. that s one number people are saying you can see businesses getting concerned about the fiscal cliff and maybe this is where it s showing up. well, we ll be watching. we ll see. i know all of the ceos just want certainty. that s what they keep telling the white house. thank you much. the forgotten war, we re going to take a deep dive into the challenges and the changes in the u.s. relationship with mexico.