Currencies Direct: Expected rebound in US durable goods orders may bolster dollar

By Public Technologies
  • An expected rebound in September US durable goods orders could support dollar demand today, following gains driven by safe-haven flows.
  • Sterling demand faces pressure from tax uncertainty ahead of Chancellor John Healey's inaugural Autumn Budget on Wednesday.
  • The euro faces cautious trading ahead of the European Central Bank's interest rate decision later this week.
  • Falling oil prices pressured the Canadian dollar; an expected Bank of Canada interest rate hike on Wednesday could limit losses.
  • The New Zealand dollar rose ahead of a widely expected Reserve Bank of New Zealand interest rate hike on Wednesday.


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