Orders for durable goods in the U.S. sank by 13.2% in August

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Source: Forexpros

The U.S. Census Bureau reported on Thursday that the number of orders for durable goods, which are goods that have a lifespan of more than 3 years, plunged in August. Durable goods orders fell by 13.2% on a seasonally adjusted basis, compared to an increase of 3.3% in the preceding month. Analysts, however, expected that August's reading would be minus 5.0%.

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Thu, 27 Sep 2012 16:35:30 GMT

U.S. initial jobless claims fell to 359,000

The number of Americans who filed jobless benefits claims fell more than expected and reached a two-month low in the week ending September 22, the U.S. Department of Labor reported. Initial jobless claims dropped by 26,000 to a seasonally adjusted 359,000, compared to expectations for a fall of 7,000 to 378,000, while down from 385,000 in the previous week.

Thu, 27 Sep 2012 16:13:28 GMT

The Euro near 2-week low, as markets focus on upcoming Spanish budget

On Thursday, the Euro was traded near a 2-week low versus the U.S. Dollar, as traders awaited a draft of the Spanish budget, which can possibly provide an insight into whether Spain will seek a bailout. The 17-nation currency was traded close to $1.2862, which was just above a 2-week low. Earlier, it hit a session high of $1.2900, and a session low of

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