USD flows: USD marginally firmer after durable goods orders

The US durable goods data provide some more evidence of an improving US manufacturing picture, with the ex-transport increase of 1.1%, with the S&P manufacturing PMI also stronger. But the focus is more on Trump’s attempts to oust Fed governor Cook, which is putting the USD under a little pressure, along with the expectation of a September Fed ease after last week’s Powell speech. The USD is marginally firmer after the data, but the reaction is muted and ranges remain intact.