US: Durable Goods Orders rose 1.8% in August vs. 0.7% expected
|- US Durable Goods Orders increased by 1.8% in August from -0.1% previous.
- The US Dollar Index holds steady near one-month tops, just below mid-93.00s.
According to the data published by the US Census Bureau revealed this Monday, Durable Goods Orders in the United States increased by 0.7% in August. This reading was well above market expectations pointing to a 0.5% growth and also marked a notable rebound from the previous month’s reading of -0.1%.
Excluding transportation, new orders increased 0.2%, while Excluding defense, orders unexpectedly jumped 2.4% during the reported month, the publication further read.
Market reaction
This report remained supportive of the bid tone surrounding the US dollar, which was last seen hovering just below mid-93.00s, or one-month tops touched last week.
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.