Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Dollar remains broadly lower after U.S. durable goods report

Published 04/24/2015, 08:50 AM
Updated 04/24/2015, 08:50 AM
© Reuters.  Dollar still lower vs. counterparts after mixed U.S. data

Investing.com - The dollar remained broadly lower against a basket of other major currencies on Friday, after data showed that U.S. durable goods orders rose more than expected last month, while core durable goods orders fell unexpectedly.

Official data showed that U.S. durable goods orders rose 4.0% in March, beating expectations for a 0.6% gain.after a 1.4% decline the previous month.

Core durable goods orders, which exclude transportation items, fell 0.2% last month, confounding expectations for a 0.3% rise. February's figure wad revised to a 1.3% decline from a previously estimated 0.6% fall.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.24% to 97.20.

EUR/USD was up 0.25% to 1.0850, holding just under a two-and-a-half week high of 1.0899 hit earlier in the session.

The single currency strengthened after the Ifo Institute of Economic Research said that Germany's business climate index rose to a 10-month high of 108.6 in April from 107.9 in March, beating expectations for an uptick to 108.4.

The pound hit more than one-month highs, with GBP/USD up 066% to 1.5154.

Elsewhere, the dollar was lower against the yen, with USD/JPY down 0.23% to 119.31 and steady against the Swiss franc, with USD/CHF at 0.9546.

Earlier Friday, Swiss National Bank Chairman Thomas Jordan warned that the franc could rise due to uncertainty over the Greek debt crisis and it the central bank remains prepared to intervene in foreign exchange markets to weaken what it sees as too strong a currency.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Jordan said the SNB is monitoring the effect of the crisis on the franc and the potential impact on Switzerland "very closely."

The SNB chairman was speaking at the central bank's general meeting of shareholders, in Berne.

The Australian dollar was higher, with AUD/USD rising 0.38% to 0.7584, while NZD/USD edged down 0.09% to 0.7584.

Meanwhile, USD/CAD slipped 0.25% to trade at 1.2114.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.