The data published by the U.S. Census Bureau revealed that durable goods orders in March expanded by 2.7% on a monthly basis to surpass the market expectation for an increase of 0.8%. The market reaction to this reading lifted the US Dollar Index, which tracks the greenback against a basket of six major currencies, to its highest level since May 16 of 2017. At the moment, the index is up 0.27% on the day at 98.32. Key takeaways from the press release Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 2.3 percent. Transportation equipment, also up four of the last five months, led the increase, $6.1 billion or 7.0 percent to $93.8 billion. Shipments of manufactured durable goods in March, up four of the last five months, increased $0.9 billion or 0.3 percent to $259.6 billion. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD keeps the red below 0.70 mark post-US data FX Street 4 years The data published by the U.S. Census Bureau revealed that durable goods orders in March expanded by 2.7% on a monthly basis to surpass the market expectation for an increase of 0.8%. The market reaction to this reading lifted the US Dollar Index, which tracks the greenback against a basket of six major currencies, to its highest level since May 16 of 2017. At the moment, the index is up 0.27% on the day at 98.32. Key takeaways from the press release Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 2.3 percent. Transportation equipment, also up… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
