US Durable Goods Orders increased 5.3% in November
|- Durable Goods Orders in the US rose more than expected in November.
- US Dollar Index stays in negative territory near 97.00.
Durable Goods in the US increased to $323.8 billion, or 5.3%, in November, the US Census Bureau reported on Monday. This print followed the 2.1% contraction recorded in the previous month and came in above market expectations for a 0.5% expansion.
"Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 6.6 percent. Transportation equipment, also up three of the last four months, led the increase, $15.3 billion or 14.7 percent to $119.3 billion”, according to the press release
Market reaction
The US Dollar Index (DXY) remains under persistent pressure, navigating levels last seen in late September around the 97.00 region in the wake of the release.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.