Surprisingly Strong US Durable Goods Orders Thanks To Weak Dollar |
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The US dollar is stronger against major currencies Wednesday after a government report showed that US durable goods orders slipped by just 0.5%, less than the 1% drop expected by most economists. This small drop is pretty impressive actually, considering that if you exclude transportation goods from the equation, you get a 2.5% rise in durable goods (-0.5% expected), and that is the biggest increase since 3.7% in July last year. So while demand for civilian aircraft fell, there was a decent
Filed under: Fundamental
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