The dollar is narrowly lower vs. most G10 currencies, the biggest declines coming against the commodity pairings: -0.25% vs. NZD, -0.24% vs. SEK and -0.19% vs. CAD. The U.S. Dollar Index is -0.36% trading at 104.100.
U.S. Preliminary Durable Goods Orders for February were +1.4% (+1.0% est.) and Durable Goods Ex Transportation were +0.5% vs. +0.4% estimate. Both results were a sharp reversal from the prior month’s -6.9% and -0.3% respectively. Other data released today included the FHFA House Price Index, -0.1% vs. +0.3% estimate, and Consumer Confidence at 104.7, below 107.0 estimate.
U.S. Treasury yields are slightly higher in the mid/long tenors. The 10-year yield is +0.02% at 4.265%.
Oil is +0.12% today at $82.00/barrel and +14.46% YTD. Gold is +0.48% at $2,182.13/oz, near its all-time record close at $2,185.95 set on March 20th and all-time high at $2,222.39/oz set on March 21st.
