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The Euro is trading lower against the dollar, which has been associated with the release of U.S. data , as well as statements from representatives of the Central Bank. Ministry of Commerce announced today that orders for planes take off in February , masking slow demand for other industrial and durable goods. According to the report , orders for durable goods - products such as refrigerators and cars , period of use for more than three years - rose a seasonally adjusted 2.2% in February compared with the previous month , said Wednesday . This is the strongest value in November. Result January was revised downward to fall by 1.3%. Economists forecast that overall orders for durable goods rise by 1.1%. New orders for civilian and defense aircraft and parts led growth. Excluding the volatile transportation segment , orders for durable goods rose by only 0.2 %. New orders for primary metals and electronic products led the growth. But the demand for electrical machinery and equipment declined last month.
Little support for the euro had words of a member of the Governing Council of the ECB Luis Linde, who said that the eurozone faces a small but real risk of deflation , which could force the European Central Bank to take action. Linde, which is the main central bank of Spain, said that the ECB is ready and should be taken to avoid a deflationary trend. His comments were made after Tuesday's other Fed officials have sent a strong signal that they want to consider drastic measures to protect against dangerous low inflation. Earlier Wednesday, the head of the central bank of Slovakia Jozef Makuch said that the ECB is ready to fight to prevent a decline in prices, which , according to him, threatening to undermine the recovery in the eurozone.
Pound was up against the U.S. dollar , thus responding to the U.S. data and statements by the Bank of England Huila . Note that a member of the Bank of England Monetary Committee in an interview with Martin Weale Reading Post said that there is evidence of improvement in the economy. Britain feels better than Europe amid rising wages. Member of the Monetary Committee , which decides on rates , said uneven recovery : in some parts of it better than others. According to Wil there can be no guarantees with respect to any increase in interest rates in the future , but any increase will be gradual . He said: " I think everything is going very well . It is evident that the economy is growing faster than a year ago. Inflation slightly below the target level after a long period exceeding it , it's certainly good news that we are doing our job . Wage growth is encouraging, we need revenue . " Will gave to understand how the economic picture is not the same in different parts of the country : " From the point of view of the Committee - a national policy that we are pursuing , should consider all and not only the rich part. Painting is never completely uniform . "
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