Durable Goods Disappoint | Currency Strength For Net Exporters
b"February durable goods orders came in lower than expected at -2.2% versus the estimate of -0.5%. Weekly initial\\xa0jobless numbers came in better than expected at 187K versus the estimate of 212K. Net exporter countries are benefitting from the current trends and it's represented by their currencies, such as Australia and New Zealand, says Dan Deming, Managing Director at KKM Financial. Net importers are struggling, with the Japanese Yen (/6J) at six year lows against the dollar. Dan thinks the Fed will do four rate hikes this year."