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Euro Fell On Strong US Dollar, Dovish ECB Outlook
The Euro has slipped against the greenback from its weekly high following a buoyant USD supported by positive data and dovish signals from ECB. The US Census Bureau reported that Durable Goods Orders in February increased by 1.4% compared to the previous month, surpassing expectations of 1.1% growth and recovering from January’s decline of -0.9%. Core Durable Goods Orders also saw an uptick of 0.4% compared to the previous month, rebounding from -0.3% and exceeding the expected 0.4% consensus. On ECB front, ECB official Yannis Stoumaras suggested that there is widespread agreement regarding a potential rate ... (full story)