US Durable Goods Orders increased 5.3% in November
Source Fxstreet
- Durable Goods Orders in the US rose more than expected in November.
- US Dollar Index stays in negative territory near 97.00.
Durable Goods in the US increased to $323.8 billion, or 5.3%, in November, the US Census Bureau reported on Monday. This print followed the 2.1% contraction recorded in the previous month and came in above market expectations for a 0.5% expansion.
"Excluding transportation, new orders increased 0.5 percent. Excluding defense, new orders increased 6.6 percent. Transportation equipment, also up three of the last four months, led the increase, $15.3 billion or 14.7 percent to $119.3 billion”, according to the press release
Market reaction
The US Dollar Index (DXY) remains under persistent pressure, navigating levels last seen in late September around the 97.00 region in the wake of the release.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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