24 May 2006, 17:22  Dollar falls after weaker durable-goods orders

The dollar extended losses against the euro and yen early Wednesday in the wake of worse-than-expected U.S. durable-goods orders data. Led by weaker demand for airplanes, orders for new U.S.-made durable goods decreased 4.8% in April, the Commerce Department said. The drop was larger than expected. Economists were forecasting orders to fall 0.6%. Durable orders in March were revised to a 6.6% increase from 6.4% previously estimated. The dollar was last at 111.74 yen vs. 111.85 yen before data. The euro traded at $1.2868 vs. $1.2853 before data

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