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A beat on Sep US durable goods orders, dampened somewhat by weaker revisions to Aug. But still pretty solid, esp on core orders (non-defense capital goods excluding aircraft +0.8% M/M vs +0.5% expected).
- That is a good proxy for future business investment, which looks like it maintains some momentum going into Q4.
- Not much reaction from Treasuries, which weakened slightly, but USD maintained strength, around session highs vs EUR.