US Durable Goods Orders decline 0.8% in September vs. -1% expected

Durable Goods Orders in the US declined in September.
US Dollar Index stays in daily range near 104.00 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the US decreased $2.2 billion, or 0.8%, to $284.8 billion in September, the US Census Bureau reported on Friday. This reading followed the 0.8% decrease (revised from 0%) recorded in August and came in slightly better than the market expectation for a decline of 1%.

"Excluding transportation, new orders increased 0.4%," the publication read. "Excluding defense, new orders decreased 1.1%. Transportation equipment, also down three of the last four months, drove the decrease, $3.1 billion or 3.1% to $95.4 billion."

Market reaction

The US Dollar Index showed no immediate reaction to these figures and was last seen trading virtually unchanged on the day near 104.00.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

AUD/USD weakens to two-week lows near 0.6960

AUD/USD clinches its second consecutive daily pullback as market participants continue to assess the RBA’s rate hike earlier in the day. Indeed, the pair slipped back toward the 0.6960 zone, or multi-day troughs, following the less-hawkish-than-expected message from the RBA after it hiked the OCR by 25 bps, as widely anticipated.

USD/JPY fails near 159.00 amid weak USD, intervention risks

USD/JPY edges lower during Tuesday’s Asian session, reversing part of the previous day's gains to 158.00 as the US Dollar remains depressed amid hopes for Iran diplomacy and ahead of US midterm elections. Meanwhile, intervention risks support the Japanese Yen, though the uncertainty over the timing of the next BoJ rate hike caps gains. This keeps the pair confined within a familiar range and warrants caution before placing directional bets.