US: Durable Goods Orders rise 1.1% in April vs -1% expected

Durable Goods Orders in the US rose unexpectedly in April.
US Dollar Index stays in daily range at around 104.00.

Eren Sengezer FXStreet

Durable Goods Orders in the US increased by 1.1%, or $3.1 billion, in April to $283 billion, the US Census Bureau announced on Friday. This reading followed the 3.3% increase recorded in March and came in better than the market expectation for a decrease of 1%.

"Excluding transportation, new orders decreased 0.2%," the publication further read. "Excluding defense, new orders decreased 0.6%. Transportation equipment, also up two consecutive months, drove the increase, $3.5 billion or 3.7% to $97.6 billion."

Market reaction

This report failed to trigger a noticeable reaction in the US Dollar Index, which was last seen losing 0.15% on the day at 104.05.

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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