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Forex - Dollar mixed in mid-day Asian trade

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In mid-day Asian trade, the greenback was higher against the euro, with EUR/USD slipping 0.04% to hit 1.4408.

On Wednesday, the U.S. Census Bureau reported that core durable goods orders jumped by a seasonally adjusted 4% in July, after rising 0.6% the previous month.

Market expectations were for orders for U.S. durable goods to fall by 0.4% last month.

Orders for automobiles in July surged 11.5%, the largest gain in eight years. Excluding transportation, durable goods orders rose only 0.7%.

Wall Street shares rallied for a third day, with the Dow Jones Industrial Average adding 1.3%, the Nasdaq Composite Index advanced 0.9%, and the S&P 500 picked up 1.3%..

Meanwhile, the greenback was up against the British pound, with GBP/USD down fractionally by 0.01% to 1.6373.

The dollar surrendered ground to both the Japanese yen and the Swiss franc with USD/JPY retreating 0.11% to hit 76.89, and USD/CHF lower by 0.14% to hit 0.7946.

The greenback was mixed against its Canadian, Australian and New Zealand counterparts with USD/CAD up 0.05% to hit 0.9875, AUD/USD lower by 0.23% to hit 1.0449, and NZD/USD rising 0.02% to hit 0.8286.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.01% at 74.10.

Global investors were expected to pay particular attention to Friday's scheduled speech by U.S. Federal Reserve Chairman Ben Bernanke, at the central bank's annual convention in Jackson Hole, Wyoming.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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