US Durable Goods Orders decline 1.1% in November
- Durable Goods Orders in the US declined 1.1% in November.
- US Dollar Index stays in positive territory above 108.00.
Durable Goods Orders in the US declined by 1.1%, or $3 billion, in November to $285.1 billion, the US Census Bureau reported on Monday. This reading followed a 0.8% increase reported in October.
"Excluding transportation, new orders decreased 0.1%," the press release read. "Excluding defense, new orders decreased 0.3%. Transportation equipment, also down three of the last four months, led the decrease, $2.9 billion or 2.9% to $95.5 billion."
Market reaction
The US Dollar (USD) preserves its strength following this report. At the time of press, the USD Index was up 0.37% on the day at 108.22.
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.
