THE US currency slipped against most rivals in a getaway day for Thanksgiving holiday and also can be traced to weaker economic reports including US consumer morale at its lowest in seven months in November and weak US capital goods orders as its core capital goods orders dropped again, mirroring firms’ reluctance to ramp up their investment spending.
Core orders declined 1.2% in October, after -1.4% in September. Shipments of non-defense capital goods excluding aircraft, which factor into the investment component of gross domestic product, decreased 0.2% in October.