US: Durable Goods Orders rise by 1.3% in October vs. 0.9% expected
|- Durable Goods in the US rose more than expected in October.
- US Dollar Index remains depressed above 92.00 after the data.
Durable Goods Orders in the United States expanded by 1.3%, or $3 billion, on a monthly basis to $240.8 billion in October following September's increase of 2.1% (revised from 1.9%), the US Census Bureau reported on Wednesday. This reading beat the market expectation of 0.9%.
"Excluding transportation, new orders increased 1.3%," the publication further read. "Excluding defense, new orders increased 0.2%. Transportation equipment, up five of the last six months, led the increase, $0.9 billion or 1.2% to $77.1 billion."
Market reaction
The greenback largely ignored this report and the US Dollar Index was last seen losing 0.15% on the day at 92.08.
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