The dollar was on the move lower again after durable goods didn't alter the perception that the U.S. economy was only slowly emerging from its winter slowdown. Durable goods were up 4.0% in March, better than forecasts of a 0.6% increase.
But the gain in the headline number was easily overshadowed by the component on business spending which unexpectedly fell 0.5%, marking the seventh decline in as many months, while the previous number got downgraded to a bigger fall of 2.2%.
Data tend to cast further into the future the timeframe for the Fed to boost interest rates which is negative for the dollar.
