The US dollar again suffered a mixed day yesterday, with gains against the majority of its major currency partners offset with a weaker performance against sterling and the currencies of emerging economies. An expected increase in US durable goods orders was not met during February, falling by 0.1% as production failed to rebound following a particularly harsh winter.
This data, along with a calming of fears surrounding the Ukraine crisis, saw the dollar lose ground against less established currencies, although sustained belief that the US Federal Reserve will continue tapering of its stimulus package saw the dollar strengthen against the euro. Today sees the release of unemployment claims, which provide an important overview of the US labour market and overall economy.
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