- Durable Goods Orders in the US continued to rise in June.
- US Dollar Index stays deep in red below 94.00 post-data.
Durable Goods Orders in the United States expanded by 7.3% on a monthly basis to $206.9 billion in June following May’s 15.1% increase, the US Census Bureau reported on Monday. This reading came in slightly better than the market expectation for an increase of 7.2%.
“Excluding transportation, new orders increased 3.3%,” the press release further read. “Excluding defense, new orders increased 9.2%. Transportation equipment, also up two consecutive months, led the increase, $9.2 billion or 20.0% to $55.3 billion.”
Market reaction
The US Dollar Index largely ignored these figures and was last seen losing 0.66% on a daily basis at 93.72.
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