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by ForexNewsNow Team on October 27, 2010

Core U.S. durable goods orders slide more than forecast

Indicator analysis - A manufacturing workerNEW YORK (Forex News Now) – New orders for long-lasting U.S. manufactured goods, excluding transportation items, slid more than expected in September, official data showed on Wednesday in one of the day’s major realtime forex news events.

In a report likely to impact currency market trading, the Census Bureau said core durable goods fell 0.8 percent month on month in September, after rising a revised 1.9 percent in August.

Analysts had expected September’s figure to come in at 0.4 percent, two major online FX trading news outlets reported.

Including transportation items, however, U.S. durable goods orders surged unexpectedly in September, the data showed. Orders rose 3.3 percent during the month, up from 1.7 percent growth in August.

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