- Durable Goods Orders in the US rose more than expected in September.
- US Dollar Index remains depressed below 93.00 mark after the data.
Durable Goods Orders in the United States expanded by 19% on a monthly basis in September. The reading was well above 0.5% rise anticipated and the 0.4% growth recorded in the previous month. Excluding transportation, new orders increased 0.8% as against 0.4% anticipated and the previous month's upwardly revised 1% increase. Excluding defense, new orders jumped 3.4%.
The upbeat data, however, did little to impress the USD bulls or trigger any large movement in the FX market. In fact, the key US Dollar Index remained depressed below the 93.00 mark and moved little following the release.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.