US: Durable Goods Orders rise by 1% in October vs. 0.4% expected
|- Durable Goods Orders in the US rose more than expected in October.
- US Dollar Index stays in negative territory below 107.00 after the data.
Durable Goods Orders in the US rose by 1%, or by $2.8 billion, on a monthly basis in October to $277.4 billion, the monthly data published by the US Census Bureau revealed on Tuesday. This reading followed September's 0.3% expansion and came in better than the market expectation for an increase of 0.4%.
"Excluding transportation, new orders increased 0.5%," the publication further read. "Excluding defense, new orders increased 0.8%. Transportation equipment, up six of the last seven months, led the increase, $2.0 billion or 2.1% to $97.8 billion."
Market reaction
The US Dollar Index edged lower with the initial reaction and was last seen losing 0.3% on the day at 106.80.
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