New orders for US durable goods
in March increased by 0.8% to $230.7
billion amid the expectations
for an increase of 1.9%, following the
February decrease of 3.1%.
Shipments and unfilled
orders are down with respectively 0.5% and 0.1%, inventories remain unchanged.
The big knock of the
increase with 48.4% are the defense new orders for capital goods.
Encouraged by the weak
numbers, the Euro reacted with positive mood and climbed more than 0.50%
against the USD to trade at 1.1330. Once overtaking this level, we may expect
further increase to the stronger resistance level at 1.1340.
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