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Dollar Pulled Down By Poor Durable Goods Orders »

Posted by: GraceCheng1 5 months ago

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US durable goods orders for February are quite bad, with overall orders down 1.7% instead of the expected 0.8% rise, while orders excluding transport equipment fell 2.6%. Although this was an improvement from the 4.7% drop in January, it was still worse than expected. The current housing slump and the prospect of a recession made companies reluctan

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