Erasing losses, the U.S. dollar gained against most major rivals on Friday following a report showing that U.S. durable goods orders rebounded more than anticipated in the month of April.
The Commerce Department report said that durable goods orders surged up by 3.3 percent in April after tumbling by a revised 5.9 percent in March. Economists had expected orders to climb 1.1 percent compared to the 5.7 percent drop that had been reported for the previous month.
The greenback is trading at 0.9627 against the franc, reversing from an early 8-day low of 0.9595.
The greenback that has recovered from 2-day lows of 1.2992 against the euro and 1.5135 against the pound edged up and is worth 1.2925 and 1.5092, respectively.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.