US Durable Goods Orders rise 0.1% in May vs. -0.1% expected
- Durable Goods Orders in the US rose 0.1% in May.
- US Dollar Index stays in negative territory below 106.00.
Durable Goods Orders in the US increased $0.3Â billion, or 0.1%, to $283.1 billion in May, the US Census Bureau reported on Thursday. This reading followed the 0.6% growth recorded in April (revised from +0.7%) and came in better than the market expectation for a decrease of 0.1%.
“Excluding transportation, new orders decreased 0.1%,” the press release read. “Excluding defense, new orders decreased 0.2%. Transportation equipment, up three of the last four months, drove the increase, $0.5 billion, or 0.6%, to $95.4 billion.”
Market reaction
The US Dollar stays under modest bearish pressure in the early American session on Thursday. As of writing, the USD Index was down 0.25% on the day at 105.79.
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