24 June 2005, 17:10  Dollar dips on durable goods report details

The dollar dipped in the wake of a U.S. economic report on durable goods orders. Orders rose 5.5% in May, boosted by aircraft demand. But excluding transportation, orders were down 0.2%, the third decline in the past four months. Durable orders in April were revised to a 1.4% increase from 1.9% previously estimated. The dollar was quoted at 109.16 yen vs. 109.21 before the report. The dollar does remain up slightly against the yen when compared to Thursday. The euro was at $1.2090 vs. $1.2076, a gain of 0.4% on the day.

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