US Durable Goods Orders decline 2.2% in October vs -1.5% expected

Durable Goods Orders in the US fell more than expected in October.
US Dollar Index stays in negative territory near 98.00.

Eren Sengezer FXStreet

Durable Goods in the US decreased $6.8 billion, or 2.2%, to $307.4 billion in October, the US Census Bureau reported on Tuesday. This print followed the 0.7% increase recorded in September and came in worse than the market expectation for a decrease of 1.5%.

"Excluding transportation, new orders increased 0.2," the press release read. "Excluding defense, new orders decreased 1.5%. Transportation equipment, also down following two consecutive monthly increases, drove the decrease, $7.2 billion, or 6.5%, to $103.9 billion."

Market reaction

The US Dollar Index stays under modest bearish pressure in the American session on Tuesday and was last seen losing 0.3% on the day at 97.95.

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.

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