Economists polled by Reuters had forecast durable goods orders rising only 0.5 percent last month.But non-defense capital goods orders excluding aircraft, a closely watched proxy for business spending plans, fell 0.8 percent after slipping 0.1 percent in the prior month. "She will be extraordinarily sensitive to not promise anything that she can't deliver," he said. The euro rose more than half a percentage point to a session high of $1.1216, rebounding from Wednesday's 10-week low of $1.1126.The dollar hit its lowest level in a week against the Swiss franc, at 0.9873 franc. NEW YORK: The US dollar fell against the euro, yen, and franc on Thursday after US economic data showed weakness in business spending plans, denting expectations for a Federal Reserve interest rate increase in June or July.The Commerce Department said orders for long-lasting US manufactured goods surged 3.4 percent last month after increasing 1.9 percent in March. These so-called core capital goods orders have declined for three consecutive months.Doubts still remain about the likelihood of a June or July Fed rate increase, said Boris Schlossberg, managing director at BK Asset Management in New York.The US dollar index, which measures the greenback against a basket of six major rivals, hit 94.938, its lowest level in eight days.

Source: Economic Times May 26, 2016 13:48 UTC