Reply #30: Dollar edges lower after durable goods data

[RawMaterials]

NEW YORK (AFX) -- The dollar dipped after a report early Friday showed U.S. February durable-goods orders rebounded 2.6% from a revised 8.9% decline in January. But ex-transportation, orders fell 1.3%, the first drop in four months. "The dollar eased slightly following the durables report, with the weaker ex-transportation print likely weighing," according to research firm Action Economics. The increase was above forecasts. Economists were expecting orders to rise 1.5%. Looking ahead, traders will closely watch the 10 a.m. Eastern release of new home sales. At last check, the dollar was up 0.2% at 118.04 yen, while the euro was up 0.2% at $1.1984

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