A Disappointing U.S. Durable Goods Orders Report Could Add Further Weight Onto the Greenback and Lead Traders to Seek Safety

Durable goods orders in the world’s largest economy are forecasted to drop 1.0 percent in August after climbing 0.4 percent the month prior. These orders are expected to last more than three years, and reflect optimism in the economy. At the same time, the reading serves as an indicator regarding output to come. In this case, economists are forecasting that there was a lack of consumer confidence during the month of August.