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Dollar unimpressed by mixed USD data- check out the USD index (USDX) now

The preliminary US February Durable goods orders and Philadelphia non-manufacturing index have just been released. The were expecting durable goods orders to bounce back, from a prior reading of -6.2%, by around 1% last month. They have actually risen by 1.4%. The Philadelphia Fed index was last at -8.8. That has fallen back further, to -18.8 which was quite a bad miss. Prior to that the dollar index making some modest progress from an earlier session low at 104.01, above 104.10. This conflicting data has not seen it rise any further yet. So, now we have more US data, at 2pm GMT. That is the latest Richmond Fed index and Pan-US consumer confidence. It looks like both of those will need to beat forecasts, if the dollar is to making a better showing of it this afternoon. 
 

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