Durable Goods Orders unexpectedly fell in February

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Wednesday, Mar 25 2015

New orders for manufactured durable goods in February decreased $3.2 billion or 1.4% to $231.3 billion. Analysts were expecting 0.3% incline. This decrease, down three of the last four months, followed a 2.0% January increase. Shipments of manufactured durable goods in February, down four of the last five months, decreased $0.5 billion or 0.2% to $244.0 billion. This followed a 1.4% January decrease.

Excluding transportation, new orders decreased 0.4%, also missing forecasts on 0.3% rise. Excluding defense, new orders decreased 1.0%. Transportation equipment, also down three of the last four months, led the decrease, $2.5 billion or 3.5% to $69.5 billion.

After the data USD was push lower. Sterling is currently being traded at 1.49 handle, euro is few points above 1.0960 level, while Aussie at 0.7880 area. There will be no major data releases in the rest of the session.

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