US: Durable Goods Orders rise 1.1% in April vs -1% expected
- Durable Goods Orders in the US rose unexpectedly in April.
- US Dollar Index stays in daily range at around 104.00.
Durable Goods Orders in the US increased by 1.1%, or $3.1 billion, in April to $283 billion, the US Census Bureau announced on Friday. This reading followed the 3.3% increase recorded in March and came in better than the market expectation for a decrease of 1%.
“Excluding transportation, new orders decreased 0.2%,” the publication further read. “Excluding defense, new orders decreased 0.6%. Transportation equipment, also up two consecutive months, drove the increase, $3.5 billion or 3.7% to $97.6 billion.”
Market reaction
This report failed to trigger a noticeable reaction in the US Dollar Index, which was last seen losing 0.15% on the day at 104.05.