US: Durable Goods Orders rose 2.4% in December vs. 0.5% expected

Durable Goods Orders rebound in December following November's drop.
US Dollar Index clings to daily gains above 98 after data.

Eren Sengezer FXStreet

Durable Goods Orders in the United States rose 2.4% on a monthly basis in December following November's decline of 3.1% (revised from 2%), the data published by the US Census Bureau showed on Tuesday. This reading came in better than the market expectation for an increase of 0.5%.

"Excluding transportation, new orders decreased 0.1%," the press release read. "Excluding defense, new orders decreased 2.5%. Transportation equipment, up following three consecutive monthly decreases, drove the increase, $5.9 billion or 7.6% to $82.9 billion."

USD reaction

The US Dollar Index, which tracks the dollar's performance against a basket of six major currencies, ignored the data and was last at 98.07, adding 0.14% on a daily basis.

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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