The euro retreated to 8 daily low despite weak US data

The dollar managed to hold its positions despite weak data that have been published. Durable goods orders in the US declined by 2.8% in February from 4.7% a month earlier. Economists had expected a decline of 2.5%. However, the dollar managed to hold its position against most currencies.

This week, the US currency was supported by the statements of Fed officials who said that it is possible, that the central bank will raise rates more than once.

The dollar index, which measures the performance of the dollar against six major currencies rose for a fifth consecutive day, reaching 96,133 points, and since the beginning of the week is already rising by more than one percent.

The euro fell to 8 daily low, reaching 1.1144. Since the beginning of the week the single currency lost nearly 1 percent of its value.