{"id":1517,"date":"2007-10-26T08:03:40","date_gmt":"2007-10-26T08:03:40","guid":{"rendered":"http:\/\/cryptogon.com\/?p=1517"},"modified":"2007-10-26T08:03:40","modified_gmt":"2007-10-26T08:03:40","slug":"dollar-falls-as-orders-for-us-manufactured-goods-decline","status":"publish","type":"post","link":"https:\/\/www.cryptogon.com\/?p=1517","title":{"rendered":"Dollar Falls as Orders for U.S. Manufactured Goods Decline"},"content":{"rendered":"<p>Via: <a href=\"http:\/\/www.iht.com\/articles\/ap\/2007\/10\/25\/business\/NA-FIN-MKT-US-Dollar.php\" target=\"_blank\">AP\/IHT<\/a>:<\/p>\n<p><em>The dollar fell against a basket of six other major currencies Thursday following a report that showed orders for manufactured goods in the United States fell unexpectedly in September.<\/p>\n<p>Investors sold dollars in a climate of market nervousness ahead of a Federal Reserve meeting on interest rates next week.<\/p>\n<p>The dollar hit a new 33-year low against the Canadian currency. The &#8220;loonie&#8221; rose to $1.0400, or 96.15 Canadian cents per U.S. dollar, this morning after the release of Thursday&#8217;s durable goods report, according to Interbank foreign-exchange rates from Dow Jones.<\/p>\n<p>The dollar climbed to 96.65 Canadian cents in late New York trading, still down from the 97.06 Canadian cents it bought Wednesday. Thursday&#8217;s low circles the bottom of the modern era of floating exchange rates, 96.04 Canadian cents, hit on May 24, 1974.<\/p>\n<p>The Canadian dollar, a commodity-backed currency, first achieved modern-era one-to-one parity with the U.S. dollar on Sept. 20 and has been climbing steadily since then. Canada is a major exporter of oil, benefiting when those prices rise.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Via: AP\/IHT: The dollar fell against a basket of six other major currencies Thursday following a report that showed orders for manufactured goods in the United States fell unexpectedly in September. Investors sold dollars in a climate of market nervousness ahead of a Federal Reserve meeting on interest rates next week. The dollar hit a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1517","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/1517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1517"}],"version-history":[{"count":0,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=\/wp\/v2\/posts\/1517\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cryptogon.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}