Data from the
Excluding orders for transportation equipment, durable goods orders rose by a slightly stronger 0.8% in June compared to a 0.1% drop in the previous month.
The greenback got a boost yesterday, as US jobless claims fell to an 8-1/2-year low of 284,000 in the week ended
Traders await the US gross domestic product data and jobs data, along with the Federal Reserve's monetary policy announcement next week for further clues about the economy.
The US interest rates may rise sooner than forecast "if the labor market continues to improve more quickly than anticipated," Federal Reserve Chair
The greenback held firm near an early new 4-week high of 1.6960 against the pound, after having fallen to 1.6997 in early deals. The pound-greenback pair finished yesterday's trading at 1.6985. The greenback is likely to find resistance around the 1.69 region.
Gross domestic product grew 0.8% sequentially in the second quarter, the same rate as seen in the first three months of the year.
The greenback was steady against the yen, with pair trading at 101.85, after approaching more than a 2-week high of 101.93 at
The greenback added 0.3% to hit near a 6-month high of 0.9046 versus the franc, from an early low of 0.9017. The next possible upside target for the greenback is seen around the 0.91 level. At yesterday's close, the pair was quoted at 0.9023.
The greenback rallied to more than an 8-month high of 1.3431 against the euro, rebounding from an early low of 1.3475. The pair was valued at 1.3462 when it ended deals yesterday. On the upside, 1.34 is seen as the next possible resistance level for the greenback.
The Ifo Business Climate Index fell to 108, which was worse than the 109.4 score forecast by economists. In June, the index had eased to a six-month low of 109.7.
The greenback rose by 0.3% to hit a 9-day high of 1.0768 against the Canadian dollar, from a low of 1.0737 hit
The greenback drifted up to a 1-1/2-month high of 0.8538 against the NZ dollar and a 2-day high of 0.9399 against the aussie, reversing from its previous lows of 0.8585 and 0.9423,respectively. The next key resistance levels for the greenback may likely be found around 0.935 against the aussie and 0.85 against the kiwi.
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