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      US durable goods orders contract in August

      FXStreet (Mumbai) - The corporate spending in the US dropped at a slower than expected rate in August, the official data released today showed.

      The headline durable goods orders contracted 2% in August, compared to the 2.2% decline expected. This is the seventh straight month of annualised decline in the durable goods orders.

      Orders for core capital goods - a proxy for business investment - slipped 0.2%. Shipments of core capital goods, a category used to help determine quarterly economic growth, also fell 0.2% in August. Meanwhile, orders minus transportation were flat.

      The headline figure dropped mainly on account of lower bookings for autos and airplanes.

      United States Continuing Jobless Claims came in at 2.24M, above expectations (2.24M) in September 11

      United States Continuing Jobless Claims came in at 2.24M, above expectations (2.24M) in September 11
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      EUR/USD muted around 1.1250 on US data

      The European currency remained apathetic following the US releases today, with EUR/USD keeping the area of daily highs in the mid-1.1200s...
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