US durable goods orders fall 1.4% in February, worse than expected. Core orders all fell, by 0.4%. Also the non defense ex air is down 1.4%. This comes on top of downwards revisions and erases the hope for the end of negative US surprises that plagued the greenback’s trade of late.

The US dollar is weaker, with EUR/USD rising above 1.10. The moves are relatively limited though.

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