US Durable Goods Orders virtually unchanged at $321.2 billion in January

Durable Goods Orders in the US was flat on a monthly basis in January.
USD Index clings to daily gains at around 100.00.

Eren Sengezer FXStreet

"New orders for manufactured durable goods in January, down three of the last four months, decreased $0.1 billion or virtually unchanged to $321.2 billion," the US Census Bureau reported on Friday.

This print followed the 0.9% decrease (revised from -1.4%) recorded in December and came in much weaker than the market expectation for an increase of 1.2%.

"Excluding transportation, new orders increased 0.4 percent. Excluding defense, new orders increased 0.5 percent. Transportation equipment, also down three of the last four months, drove the decrease, $1.0 billion or 0.9 percent to $113.3 billion," the press release read.

Market reaction

The US Dollar (USD) preserves its strength following this report. At the time of press, the USD Index was up 0.3% on the day at 100.05.

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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