- Durable Goods Orders in US rose more than expected in November.
- US Dollar Index continues to move sideways near 90.50 after the data.
Durable Goods Orders in the United States expanded by 0.9%, or $2.2 billion, on a monthly basis to $244.2 billion in November, the US Census Bureau reported on Wednesday. This reading came in higher than analysts’ estimate for an increase of 0.6%.
Additional takeaways
“Excluding transportation, new orders increased 0.4%.”
“Excluding defense, new orders increased 0.7%.”
“Transportation equipment, up six of the last seven months, led the increase, $1.5 billion or 1.9 percent to $78.8 billion.”
Market reaction
The US Dollar Index paid little to no attention to this report and is was losing 0.15% at 90.51 at the time of press.
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