U.S. Dollar Steady After Data

The U.S. Dollar Index has moved down Thursday. The June U.S. Dollar Index is trading at 97.84, down 0.64. Trading is active. Wide ranges the rest of the week are expected. Trading had been weak, however the selling has slowed somewhat.

Chatter about U.S. economic data is continuous. U.S. New Factory orders for February just came out at +0.2 percent versus a -0.7 percent decline in January. Durable orders fell 1.4 percent versus the 1.9 percent gain in January.

Total orders ex. transports were up 0.8 percent, the first increase in four months. Nondefense capital goods orders were down 2.3 percent. Total shipments were up 0.7 percent, the first gain in four months.

Market talk about U.S. Payroll data due out during Friday’s holiday shortened trading session is fluid.

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