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USD lower after Durable Goods Orders figures

Friday, Apr 24 2015
Orders for durable U.S. goods jumped a seasonally adjusted 4% in March, beating market forecasts on 0.2% incline, but the increase was driven almost entirely by higher demand for autos, commercial jets and military hardware. A key measure of business investment, however, fell for the seventh straight month to underscore a slowdown in how much companies are spending. 
 
So-called core orders excluding aircraft and military goods fell 0.5%. Shipments of core capital goods, a category used to help determine quarterly economic growth, dropped 0.4% in March, while analysts were predicting 0.2% growth. That's another sign first-quarter gross domestic product is likely to be quite weak. The 1.4% decline in orders for February was unchanged.
 
After the figures USD was pushed lower. Euro is currently being traded few points above 1.0860 level, Sterling is around 1.5160 area, while Aussie is above 0.78 handle. 
More in this category: « Sterling broke above 1.51 handle ahead of US data USD - Major events in the week ahead »

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