Forex News

US durable goods rise more than forecast


U.S. durable goods rose by more than double forecast in February, giving slight support to the U.S. dollar.

Durable goods orders soared 3.1 percent last month, following a revised of -3.6 percent. Analysts had predicted a 1.6 percent increase.

The core reading showed a 1.2 percent advance after a 0.2 percent plunge in January, compared to median estimates of 0.5 percent increase.

As of 12:37 GMT, the dollar traded lower at 89.17, ahead of U.S. new home sales due after 90 minutes.

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