Forex News

US durable goods rise more than forecast

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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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