US: Durable Goods Orders rise by 0.4% MoM in April vs. 0.6% expected gain
|- US Durable Goods Orders were up 0.4% MoM in April, below expectations for a 0.6% rise.
- The weak data saw the US dollar come under some minor selling pressure.
US Durable Goods Orders rose by 0.4% MoM in April, the latest data from the US Census Bureau on Wednesday showed, below expectations for a 0.6% rise and down from March's 0.6% MoM growth rate (which had been downwardly revised from 0.8%). The more widely followed Core Durable Goods Orders metric rose 0.3% MoM, also below expectations for a 0.6% rise and down from March's 1.1% MoM growth rate, which had been revised lower from 1.2%.
Market Reaction
The US dollar has experienced some minor weakness in wake of the downbeat data, with the DXY dropping back from session highs in the 102.40s to the 102.30s, as US 10-year yields probe 2.70%, their lowest levels in more than one month.
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