The US dollar rose against the euro

[gnutrade.satya]

The US dollar rose against the euro but slid against the yen on Wednesday as weaker-than-expected US durable goods orders added to fears about economic recovery in the world's largest economy.
Phil Streible, senior market strategist at Lind-Waldcock in Chicago said: "Volume is really light and today people put a lot on durable goods. It takes a lot of buying to hold things up but only little buying to see it fall."
Amelia Bourdeau, a currency strategist at UBS AG in Stamford, Connecticut said: "The US data now is the main focus in the forex markets, and it continues to come on the disappointing side. We are past the good news from Europe on the stress tests and earnings, which helped the euro, and I'm not sure if even the US GDP report on Friday will be able to break that pattern."
The euro traded at $1.2979 down 0.1 percent. The dollar was 0.5 percent lower at 87.44 yen.