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US: Durable Good Orders fell 5.7% in March

FXstreet.com (Barcelona) - The Commerce Department has informed that orders for US long-lasting goods have contracted 5.7% MoM during March, missing expectations at -2.8%, and down from 4.3% (revised) in February.

If we strip the Transportation sector, orders fell 1.4%, missing estimates at 0.5% although better than February’s -1.7% (revised).

Forex: USD/CAD holds at 1.0263/64 after US durable goods

The USD/CAD has held fast in positive territory Wednesday, following the release of economic data in the United States. In these moments the cross has settled at 1.0263/64 at the onset of US trading, up a tepid +0.08%.
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Enrico Letta named Italian PM

Italian President Giorgio Napolitano, who was reelected to the post last weekend, has given the mandate to form a government to center-left deputy leader Enrico Letta on Wednesday.
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