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US durable goods orders fall more than forecast

US durable goods orders

U.S. durable goods orders dropped more than forecast in March, data released by the Commerce Department on Tuesday showed.

Durable goods orders slumped 1.6 percent last month, following a revised of 0.3 percent increase. Analysts had predicted a 1.1 percent plunge.

The core reading showed a 0.1 percent rise, compared to both revised prior and expected readings of -0.2 percent and 0.3 percent respectively.

As of 13:22 GMT, the dollar snapped some of its earlier gains, falling to 96.94 after hitting a session peak at 97.03, the highest level since March 12.

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