US Durable Goods Orders decline 1.4% to $315.5 billion in February
Source Fxstreet
- US Durable Goods Orders declined more than expected in February.
- US Dollar Index stays in daily range at around 100.00.
Durable Goods Orders in the United States (US) declined 1.4%, or $4.4 billion, to $315.5 billion in February, the US Census Bureau reported on Tuesday. This print followed the 0.5% decline recorded in January and came in worse than the market expectation for a decrease of 0.5%.
"Excluding transportation, new orders increased 0.8 percent. Excluding defense, new orders decreased 1.2 percent," the press release read. "Transportation equipment, also down four of the last five months, drove the decrease, $6.1 billion or 5.4 percent to $106.1 billion."
Market reaction
These figures don't seem to be having a noticeable impact on the US Dollar's (USD) performance. At the time of press, the USD Index was marginally lower on the day at 99.92.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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