The Greenback failed to strenghtnen against the European single currency over the row of the US economic releases on Wednesday. The EUR/USD pair entered an upmove after durable goods data, followed by the FOMC meeting minutes report, which caused 21 base points jump to the 1.1820 mark.
Commerce Department stated that the US durable goods orders fell sharply 1.2% in October, while its core measure marked sligtly weaker increase of 0.4% in the same period. However, the solid growth trend was sutained, pointing to the stronger contribution to the GDP in the Q4. Meanwhile, the FOMS minutes suggested that the key interest rate could be raised soon, if the medium-term prospectives remain upbeat.
