India, March 26 -- The U.S. dollar climbed to a 3-week high on Wednesday, lifted by hawkish comments from Fed officials, who said the trade policies of the government will likely push up inflation and prompt the central bank to keep interest rates higher for longer.
A report from the Commerce Department said new orders for U.S. manufactured durable goods unexpectedly increased in the month of February, climbing up by 0.9% in the month, after spiking by an upwardly revised 3.3% in January.
Economists had expected durable goods orders to slump by 1% compared to the 3.2% surge that had been reported for the previous month.
Q4 GDP data, speeches by Fed officials and the U.S. PCE inflation report are eyed for clarity on Fed's interest rate mo...