US: Durable Goods Orders rise by 0.7% in May vs 0% expected

Durable Goods Orders in the US rose unexpectedly in May.
US Dollar Index holds above 104.00 after the data.

Eren Sengezer FXStreet

Durable Goods Orders in the US increased by 0.7%, or by $1.9 billion, on a monthly basis in May to $267.2 billion, the monthly data published by the US Census Bureau revealed on Monday. Investors were expecting the data to remain unchanged.

"Excluding transportation, new orders increased 0.7%. Excluding defense, new orders increased 0.6%," the publication further read. "Transportation equipment, up two consecutive months, led the increase, $0.7 billion or 0.8% to $87.6 billion."

Market reaction

The US Dollar Index edged slightly higher after this data and was last seen posting small daily losses at 104.08.

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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