The greenback posted some mixed results against other forex majors. This is after the US data on durable goods orders came out worse than the 0.6% forecast and tumbled down to -0.6%. With these figures, many investors are left uncertain about the real market conditions. On July 29 trading day, the stock market also weakened, with Dow Jones falling at 0.38% and NASDAQ declining at 1.04%. As for the commodities market, crude oil also fell by 0.7% to close at $77 per barrel, while gold posted gains by 0.2% and closed at $1,1160.4 per ounce.
For second straight day, the euro traded versus the dollar with small difference between the high and low points, as the EUR/USD forex pair traded between 1.2966 and 1.3042. The British pound also remained nearly unchanged against the dollar. The GBP/USD pair posted a high of 1.5638 and a low of 1.5544. Following the drop in orders for US durable goods and the anticipated slow economic growth according to Federal Reserve, the Yen posted gains against the dollar. The USD/JPY forex pair closed at a high of 88.11 and a low of 87.25.
