US: Durable Goods Orders decline by 2.1% in November vs. -0.6% expected

Durable Goods Orders in the US fell more than expected in November.
US Dollar Index stays in daily range below 104.50 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the US declined by 2.1%, or $5.8 billion, in November to $270.6 billion, the US Census Bureau announced on Friday. This reading followed October's increase of 0.7% and came in worse than the market expectation for a decrease of 0.6%.

"Excluding transportation, new orders increased 0.2%," the publication further read. "Excluding defense, new orders decreased 2.6%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $6.1 billion or 6.3% to $91.3 billion."

Market reaction

The US Dollar Index failed to make a decisive move in either direction after this report and was last seen trading flat on the day at 104.38.

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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