- The requests for durable goods in the US increased unexpectedly in February.
- The dollar index remains in the daily range above 104.00.
The requests for lasting goods in the US increased 0.9%, or 2.7 billion dollars, in February to 289.3 billion dollars, the US Census Office reported on Wednesday. This reading followed an increase of 3.3%(reviewed from 3.1%) reported in January and was better than the market expectation of a 1%decrease.
“Excluding transport, the new orders increased 0.7%,” the Census Office said in its press release. “Excluding the defense, the new orders increased 0.8%. The transport team, which has also risen for two consecutive months, led the increase, 1.4 billion dollars or 1.5% to 98.3 billion dollars.”
Market reaction
These figures do not seem to have a remarkable impact on the valuation of the US dollar. At the time of the publication, the dollar index rose 0.1% in the day to 104.32.
US dollar price this week
The lower table shows the percentage of the US dollar change (USD) compared to the main currencies this week. American dollar was the strongest currency against the Japanese yen.
| USD | EUR | GBP | JPY | CAD | Aud | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.29% | 0.15% | 0.60% | -0.60% | -0.67% | -0.28% | 0.05% | |
| EUR | -0.29% | -0.25% | -0.21% | -0.84% | -0.97% | -0.52% | -0.19% | |
| GBP | -0.15% | 0.25% | 0.45% | -1.21% | -0.76% | -0.27% | -0.07% | |
| JPY | -0.60% | 0.21% | -0.45% | -1.18% | -1.28% | -0.85% | -0.58% | |
| CAD | 0.60% | 0.84% | 1.21% | 1.18% | -0.02% | 0.31% | 0.63% | |
| Aud | 0.67% | 0.97% | 0.76% | 1.28% | 0.02% | 0.47% | 0.78% | |
| NZD | 0.28% | 0.52% | 0.27% | 0.85% | -0.31% | -0.47% | 0.38% | |
| CHF | -0.05% | 0.19% | 0.07% | 0.58% | -0.63% | -0.78% | -0.38% |
The heat map shows the percentage changes of the main currencies. The base currency is selected from the left column, while the contribution currency is selected in the upper row. For example, if you choose the US dollar of the left column and move along the horizontal line to the Japanese yen, the percentage change shown in the box will represent the USD (base)/JPY (quotation).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
