US Durable Goods Orders rise 0.2% in October vs. 0.5% expected
Source Fxstreet
- Durable Goods Orders in the US rose slightly in October.
- US Dollar Index stays on the back foot below 106.50.
Durable Goods Orders in the US increased $0.7 billion, or 0.2%, to $286.6 billion in October, the US Census Bureau reported on Wednesday. This reading followed the 0.4% decrease (revised from -0.8%) recorded in September and came in worse than the market expectation for an increase of 0.5%.
"Excluding transportation, new orders increased 0.1%," the publication read. "Excluding defense, new orders increased 0.4%. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $0.4 billion or 0.5% to $97.1 billion."
Market reaction
The US Dollar (USD) remains under pressure following this data. At the time of press, the USD Index was down 0.6% on the day at 106.25.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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