US Durable Goods Orders rise 2.6% in March to $283.4 billion

Durable Goods Orders in the US increase $7.3 billion in March.
US Dollar Index clings to small daily gains below 106.00.

Eren Sengezer FXStreet

Durable Goods Orders in the US rose 2.6%, or $7.3 billion, to $283.4 billion in March, the US Census Bureau reported on Wednesday. This reading followed the 0.7% increase (revised from 1.4%) recorded in February.

"Excluding transportation, new orders increased 0.2%," the US Census Bureau said in the press release. "Excluding defense, new orders increased 2.3%. Transportation equipment, also up two consecutive months, led the increase, $6.8 billion or 7.7%, to $95.9 billion."

Market reaction

These figures don't seem to be having a significant impact on the US Dollar Index, which was last seen rising 0.15% on the day at 105.85.

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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