Eur/usd Looking For Support

New orders for US manufactured durable goods rose 0.80% month-over-month in March, from upwardly revised -1.7% (previous -2.1%) decrease in February and compared to market expectations of a 1.0% increase. Computers and electronic products, up two of the last three months, led the increase, up by $0.7 billion, or 2.6 percent, to $26.3 billion. Meanwhile, orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, rose by 1 percent, after a 0.3 percent decrease in February.

Durable goods orders excluding transportation increased to 1.10% in March, from revised -0.5% decline in February, above market forecasts of 0.6% rise.

EURUSD saw relatively small reaction to today’s data release. The most popular currency pair continued to trade around 1.0668 level. Source: xStation5

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