Search ForexCrunch

US Durable Goods Orders dropped by no less than 4.2% and core orders by 1.1% Expectations stood on a fall of 1.5% in orders and a rise of 0.6% in core orders.

Currencies aren’t shaking too much on these news, as a bigger event is scheduled later on: the FOMC meeting.

These figures came after rises last month, and provide another sign that the US economy is weakening, even though durable goods orders tend to be volatile.

The Federal Reserve is expected  to leave  policy unchanged, but many expect Ben Bernanke to slip something about QE3 in June.

See all the details in the FOMC Preview.