The dollar strengthened against its main rivals Wednesday after official data showed orders for durable goods rose 2% in July. The spike, driven by strong demand for autos and military hardware, was much larger than the 0.6% seasonally adjusted decline forecast by economists polled by MarketWatch. The euro fell to $1.1360 after the data from $1.1400 shortly before. The dollar strengthened to 119.85 yen from 119.70 yen. The pound was little-changed at $1.5573.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News