27 June 2007, 17:50  Dollar slips on soft durable goods orders

The dollar slipped slightly after weaker than-expected durable goods orders figures. New orders for durable goods in the US fell 2.8 pct in May, depressed by drops in orders at Boeing and for business capital goods. This was below analyst expectations for a more moderate 1.0 pct decline. Ex-transportation new orders were down 1.0 pct, below forecasts for a 0.3 pct rise. At 1.37 pm the euro was trading at 1.3444 usd having been at 1.3437 shortly before the figures were released. Meanwhile the pound was up to 1.9976 from 1.9965.

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