US: Durable Goods Orders rose 1.8% in August vs. 0.7% expected

US Durable Goods Orders increased by 1.8% in August from -0.1% previous.
The US Dollar Index holds steady near one-month tops, just below mid-93.00s.

Haresh Menghani FXStreet

According to the data published by the US Census Bureau revealed this Monday, Durable Goods Orders in the United States increased by 0.7% in August. This reading was well above market expectations pointing to a 0.5% growth and also marked a notable rebound from the previous month’s reading of -0.1%.

Excluding transportation, new orders increased 0.2%, while Excluding defense, orders unexpectedly jumped 2.4% during the reported month, the publication further read.

Market reaction

This report remained supportive of the bid tone surrounding the US dollar, which was last seen hovering just below mid-93.00s, or one-month tops touched last week.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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