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US: Yellen and durable goods data awaited – Danske Bank

FXStreet (Delhi) – Research Team at Danske Bank, note that in the US durable goods orders are due for release, which will be followed by Yellen’s speech.

Key Quotes

“The core measure in the report, non-defence capital goods orders ex aircraft, rebounded in July, suggesting a healthy momentum in business capex into August and it will be interesting to see if the August data look equally strong.”

“Fed chair Yellen speaks late tonight and any elaboration on the FOMC's decision to take the cautious approach will be in focus. Earlier this week Fed members Lockhart, Williams, Bullard and Lacker signalled that it is most likely that the Fed will raise rates later this year.”

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