US: Durable Goods Orders rise by 0.8% in June vs. 2.1% expected
|- Durable Goods Orders in US rose less than expected in June.
- US Dollar Index edges lower toward 92.50 after the data.
Durable Goods Orders in the United States rose by 0.8%, or $2.1 billion, to $257.6 billion in June, the data published by the US Census Bureau revealed on Tuesday. This reading came in weaker than the market expectation for an increase of 2.1% and followed May's 3.2% expansion.
"Excluding transportation, new orders increased 0.3%," the publication further read. "Excluding defense, new orders increased 1.0%. Transportation equipment, up two consecutive months, led the increase, $1.6 billion or 2.1% to $77.5 billion."
Market reaction
The US Dollar Index edged slightly lower after this data and was last seen losing 0.1% on a daily basis at 92.53.
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