US Durable Goods Orders rise 0.7% in April vs. -0.8% expected
- Durable Goods Orders in the US rose 0.7% in April.
- US Dollar Index stays in negative territory below 105.00.
Durable Goods Orders in the US increased $1.9 billion, or 0.7%, to $284.1 billion in April, the US Census Bureau reported on Friday. This reading followed the 0.8% growth recorded in March (revised from +2.6%) and came in better than the market expectation for a decrease of 0.8%.
"Excluding transportation, new orders increased 0.4%," the press release read. "Excluding defense, new orders were virtually unchanged. Transportation equipment, also up three consecutive months, led the increase, $1.1 billion, or 1.2%, to $96.2 billion."
Market reaction
These figures don't seem to be having a significant impact on the US Dollar's performance against its rivals. At the time of press, the USD Index was down 0.22% on the day at 104.80.
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.
