US: Durable Goods Orders virtually unchanged at $273.5 billion in July

US Durable Goods Orders stayed unchanged on a monthly basis in July.
US Dollar Index stays in positive territory below 109.00.

Eren Sengezer FXStreet

New orders for manufactured durable goods orders in the US stayed virtually unchanged at $273.5 billion in July, the US Census Bureau reported on Wednesday. This reading followed June's 2.2% expansion and came in worse than the market expectation for an increase of 0.6%.

"Excluding transportation, new orders increased 0.3%," the publication further read. "Excluding defense, new orders increased 1.2%. Transportation equipment, down following three consecutive monthly increases, drove the decrease, $0.6 billion or 0.7% to $93.0 billion."

Market reaction

These figures had little to no impact on the dollar's valuation. As of writing, the US Dollar Index was up 0.3% on the day at 108.84.

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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