- Durable goods orders fell more than expected in September.
- US Dollar Index inched lower on the uninspiring data.
The data published by the United States (US) Census Bureau on Thursday revealed that new orders for manufactured goods in September decreased $2.8 billion, or 1.1%, to $248.2 billion. This reading came in worse than the market expectation for a decline of 0.8%.
The US Dollar Index edged lower on the disappointing reading and was last down 0.02% on the day at 97.44.
“Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 1.2%. Transportation equipment, also down following three consecutive monthly increases, led the decrease, $2.3 billion or 2.7% to $84.5 billion,” the press release read.
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