US Durable Goods Orders expanded more than expected in February
- Durable Goods Orders rose by 1.4% MoM last month.
- The Greenback remains on the defensive so far.
On Tuesday, Durable Goods Orders in the United States expanded by 1.4%, or $3.7 billion, to $277.9 billion in February according to the Census Bureau. This reading followed the 6.9% decrease recorded in the first month of the year and came in above market expectation for an expansion of 1.1%.
From the press release: "Excluding transportation, new orders decreased 0.3%," the publication read. "Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 2.2 percent. Transportation equipment, also up following two consecutive monthly decreases, led the increase, $2.9 billion or 3.3 percent to $90.4 billion."
Market reaction
There was no visible reaction from the USD Index (DXY) in the wake of the release, which remained around the 104.15 zone, down marginally for the day.
Author
Pablo Piovano
FXStreet
Born and bred in Argentina, Pablo has been carrying on with his passion for FX markets and trading since his first college years.
