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US durable goods orders increased by 0.9% in February -1% expected

  • Durable property orders in the United States rose unexpectedly in February.
  • The US dollar index remains above 104.00 in daily range.

On Wednesday, the US Census Office reported that durable goods orders in the US in USA rose 0.9%or 2.7 billion dollars. This reading was followed by an increase of 3.3%(revised from 3.1%) reported in January and was better than market expectation for a 1%decrease.

Census Office In the press release, “Except for transportation, new orders increased by 0.7%.” “Except for defense, new orders increased by 0.8%. Transportation equipment with an increase of two months in a row increased to 1.4 billion dollars or an increase of 1.5% to $ 98.3 billion.”

Market reaction

These figures seem to have no noticeable effect on the valuation of the US dollar. During the press, the US Dollar Index increased by 0.1% at 104.32.

US Dollar Price This Week

The following table shows the percentage of US dollars (USD) percentage against the major currencies listed this week. The US dollar was the most powerful against the Japanese Yen.

USD EUR Gbp JPY Cad Volume Nzd Chf
USD 0.29 % 0.15 % 0.60 % -0.60% -0.67% -0.28% 0.05 %
EUR -0.29% -0.25% -0.21% -0.84% -0.97% -0.52% -0.19%
Gbp -0.15% 0.25 % 0.45 % -1.21 % -0.76% -0.27% -0.07%
JPY -0.60% 0.21 % -0.45% -1.18 % -1.28 % -0.85% -0.58%
Cad 0.60 % 0.84 % 1.21 % 1.18 % -0.02% 0.31 % 0.63 %
Volume 0.67 % 0.97 % 0.76 % 1.28 % 0.02 % 0.47 % 0.78 %
Nzd 0.28 % 0.52 % 0.27 % 0.85 % -0.31% -0.47% 0.38 %
Chf -0.05% 0.19 % 0.07 % 0.58 % -0.63% -0.78% -0.38%

The heat map shows the percentage of the major currencies to each other. When the bid currency is selected from the top row, the base currency is selected from the left column. For example, if the US selects the dollar from the left column and switch to the Japanese Yen along the horizontal line, the percentage change displayed in the box will represent USD (Base)/JPY (quote).

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