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Flash: Expect higher Durable Goods Orders – TD Securities

FXstreet.com (London) - Alvin Pontoh, FX & Rates Strategy at TD Securities said that the pace of durable goods orders should rebound smartly in April as higher Boeing aircraft orders and an increase in defense orders combine to push the headline number higher.

During the month, he expects the pace of orders to post a fairly robust 2.5% m/m rise, better than the 1.5% expected by consensus. He see’s core capital goods orders printing in line with expectations, though, edging higher and eking out a 0.5% m/m gain, suggesting some further modest improvement in capital investment intentions by US businesses.

NZD/USD testing 0.8100 barrier

The NZD/USD has returned some of yesterdays steadfast gains, instead turning southward towards the 0.8100 barrier during European trading.
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USD/CAD moves higher to 1.0328/32

The USD/CAD has edged off the 1.0315 level during European trading, continuing a rebound off the overnight trough that took the pair below the 1.0300 barrier – at the time of writing the pair is trading at 1.0328/32.
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