The 6PM Recap With Gary Wagner: Dollar Power Pushes Gold And Stocks Down – Crude Lower As U.S. Data Renews Upturn

A slightly mixed but nevertheless positive uptick in durable orders helped propel the U.S. dollar higher today. Taking out aircraft as a component meant the index was up 1% in April. Aircraft is taken out because it is volatile, orders sometimes taking years to develop and then exploding onto the graph, skewing the durables measure.

Bookmark and Share