US: Durable goods orders declined 1.3% in May vs. +0.2% expected, DXY clings to small gains
|- Durable goods orders decline on a monthly basis in May.
- Trade deficit widens in May, US Dollar Index preserves modest daily gains.
The data published by the U.S. Census Bureau today showed that durable goods orders declined by 1.3% on a monthly basis in May to miss the market expectation for an increase of 0.2%.
Other data from the U.S. revealed that the doos trade deficit widened to $74.55 billion from $70.92 billion in April and wholesale inventories rose 0.4% in April following March's 0.9% reading.
With the initial market reaction to the mixed data, the US Dollar Index continues to float in the positive territory above the 96.20 mark.
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