Dollar, little moved after mixed U.S. data

Wed, Nov 25 2009, 13:56 GMT
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FXstreet.com (Barcelona) - The Dollar remains steady at low levels against its major rivals after the release of a string of key macroeconomic data showing positive advances on employment and consumer spending, while durable good orders declined unexpectedly.

Orders for expensive goods manufactured in the U.S. have declined 0.6% in October, against market expectations of a 0.5% increase, while Jobless claims declined by 35K to 466K in the week of November 21, while the four-week moving average declined to 496.5K, the lowest level since November 2008.

Furthermore, Consumer spending has increased 0.7% in October, offsetting a 0.7% decline in September, while personal income rose 0.2% for the second consecutive month.

EUR/USD has remained trading at 15 months high above October's high at 1.5060 and below 1.5100, while the USD/JPY remains testing fresh 10-month moving between 85.40 and 85.55.

GBP/USD is moving right above 1.6700 after rally from 1.6495 low on Tuesday was capped at 1.6745 earlier during European trading session.

EUR/USD

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