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Euro slips against U.S. dollar

Euro slips against U.S. dollar

The 13-nation euro fell Friday against the U.S. dollar after Washington reported positive economic news.
In afternoon trading, the euro fell to US$1.2898, down from US$1.2928 late Thursday. The British pound slipped to US$1.9586 from US$1.9641 the day before, while the dollar rose to purchase 121.51 Japanese yen from 121.11.
The U.S. Commerce Department reported that orders to U.S. factories for big-ticket manufactured goods rose in December by the largest amount in three months, led by a huge jump in demand for commercial aircraft and the biggest increase in orders for cars and trucks in more than two years.
The report said new orders for durable goods rose 3.1 percent last month to a seasonally adjusted total of US$221.9 billion. The gain followed a 2.2 percent November increase and was the strongest showing since an 8.7 percent September advance.