BREAKING: USD strengthens after claims and durable goods orders data

New orders for US manufactured durable goods fell to -2.2% month-over-month in February, from a revised 1.6% increase in January and compared to market expectations of a -0.5% decrease.

Durable goods orders excluding transportation decreased to -0.6% in February, from upwardly revised 0.8% rise in January, below market forecasts of 0.6% rise.

The number of Americans filling for unemployment benefits was 0.187 million in the week ended March 19, compared to 0.214 million reported in the previous week. Today’s reading came in below market expectations of 0.212 million.

Continuing claims reading, which lags initial jobless claims data by one week, dropped to 1.350 million from 1.419 million, while analysts expected a decrease to 1.410 million.

EURUSD is currently testing major support zone in the 1.0970 area. Source: xStation5

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BREAKING: USD strengthens after claims and durable goods orders data

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