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Forex News: US Durable Goods come in better than expected

Posted by Greg Michalowski on Fri, 07/25/2008 - 8:30am in

Come in at +0.8 and Ex Transportation + 2.0. This is the largest reading this year.

Should be good for stocks and the dollar but the number does have a tendency to be volatile. 

Growing exports is reported to be contributing to the manufacturing sector.  A lower dollar makes US goods abroad more competitive.

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