US Durable Goods Orders decline 1.4% to $315.5 billion in February
- US Durable Goods Orders declined more than expected in February.
- US Dollar Index stays in daily range at around 100.00.
Durable Goods Orders in the United States (US) declined 1.4%, or $4.4 billion, to $315.5 billion in February, the US Census Bureau reported on Tuesday. This print followed the 0.5% decline recorded in January and came in worse than the market's expectation of a 0.5% decrease.
"Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders decreased 1.2 percent," the press release read. "Transportation equipment, also down four of the last five months, drove the decrease, $6.1 billion or 5.4 percent to $106.1 billion."
Market reaction
These figures don't seem to be having a noticeable impact on the US Dollar's (USD) performance. At the time of press, the USD Index was marginally lower on the day at 99.92.
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.
