US Dollar cheaper on poor manufacturing data

28 February, 2012


The US Dollar has weakened again, giving better rates for sending USD payments, after this afternoon’s durable goods orders in the USA, which cover large household orders etc, were much worse than expected.

The Pound is up nearly a cent against the US Dollar, and even this afternoon’s better consumer confidence figures did not stop the currency sliding.

Sterling is also slightly up against the Euro after Angela Merkel faced new opposition in Germany for plans to beef up the EU stability fund for any future bailouts which may be needed.