GREENBACK DROPS VERSUS RIVALS AFTER DATA the US dollar was broadly lower against its rivals today following disappointing gross domestic product and durable goods data. The Commerce Department reported a contraction at the annual rate of 2.9% in the first quarter of this year when analysts had only expected a 1.7% decline. The original forecast though predicted an increase of 0.1% which later was revised down to a contraction of 1%. The difference between the second and third predictions was the largest reported since records began in 1976. Elsewhere, durable goods orders fell 1% last month with core orders falling 0.1%. An increase of 0.2% and 0.4% was predicted, respectively. This data comes not long after the Federal Reserve announced that interest rates would be kept on hold for upcoming few months, and these reports only support this basis now. The US dollar dropped 0.15% against the yen and 0.20% against the Swiss franc. Meanwhile the Aussie and Kiwi climbed to session highs by 0.23% and 0.67% respectively. אייטק (http://www.atech.trade/) אלגו טריידינג (http://www.atech.trade/)