- The requests for durable goods in the US increased more than expected in May.
- The dollar index remains in negative terrain below 97.50.
The Durable goods orders in the United States (USA) increased 16.4%or 48.3 billion dollars, in May to 343.6 billion dollars, the US Census Office reported Thursday. This reading followed a 6.6%decrease (reviewed from -6.3%) reported in April and exceeded market expectations of an 8.5%increase. This is the largest increase registered since 2014.
“Excluding transport, the new orders increased 0.5%,” said the press release. “Excluding defense, new orders increased 15.5%. The transport component, which also increased in five of the last six months, led the increase, 47.4 billion dollars or 48.3%, to 145.4 billion dollars. “
Market reaction
The dollar index (USD) was slightly recovered from the minimums of the session after this report and was last losing 0.35% in the day to 97.35.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
