US Durable Goods Orders rise 5.4% in November vs 2.2% expected

Durable Goods Orders in the US rebounded sharply in November after a 5.1% decline in October.
The US Dollar rose modestly after the report and following Core PCE data.

Matías Salord FXStreet

Durable Goods Orders in the United States rose by 5.4% in November to $295.4 billion, the US Census Bureau announced on Friday. This followed a 5.1% decline (revised from 5.4%) recorded in October and came in better than the market expectation for an increase of 2.2%.

Excluding transportation, new orders increased 0.5% against the 0.1% expected. Excluding defense, rose by 6.5%.

Market reaction

The US Dollar rose after the release of US economic data, which included the Core Personal Consumption Expenditure (Core PCE). The US Dollar Index (DXY) trimmed daily losses and rose from 101.55 to levels above 101.70.

Author

Matías Salord

FXStreet

Matías started in financial markets in 2008, after graduating in Economics. He was trained in chart analysis and then became an educator. He also studied Journalism. He started writing analyses for specialized websites before joining FXStreet.

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