- Durable Goods Orders in the US fell in April.
- US Dollar Index extends sideways grind near 90.00.
Durable Goods Orders in the United States declined by 1.3%, or $3.2 billion, to $246.2 billion in April, the data published by the US Census Bureau revealed on Thursday. This reading came in worse than the market expectation for an increase of 0.7% and followed March’s print of +1.3% (revised from 0.5%).
“Excluding transportation, new orders increased 1.0,” the publication further showed. “Excluding defense, new orders were virtually unchanged.”
Market reaction
This report doesn’t seem to be having a noticeable impact on the USD’s performance against its rivals. As of writing, the US Dollar Index was posting small daily losses at 89.98.
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