FOREX-Dollar trims losses vs yen after durable goods orders

NEW YORK, Oct 29 (Reuters) - The dollar trimmed losses against the yen and euro on Wednesday after data showed an unexpected rise in U.S. durable goods orders for September. The euro slipped to $1.2755 against the dollar from $1.2770 before the data. Against the yen the dollar edged up to 97.18 yen yen from 97.00 previously. New orders for long-lasting manufactured goods rose unexpectedly in September by 0.8 percent, led by surging demand for defense goods and transportation equipment. The median forecast of 76 economists had seen orders for long-lasting goods like new cars and refrigerators dropping 1.2 percent in September after plunging 4.8 percent in August. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Walker Simon) Keywords: MARKETS FOREX Gertrude Chavez-Dreyfuss vj COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.

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