- The requests for durable goods in the US fell at a softer pace than expected in June.
- The DXY dollar index rises to 98.00.
The requests for durable goods in the United States (USA) decreased by 9.3%, or 32.1 billion dollars, in June to 311.8 billion dollars, according to the US Census Office on Friday. This reading followed the 16.5%increase (reviewed from 16.4%) reported in May and was better than the market expectation of a 10.8%decrease.
“Excluding transport, the new orders increased by 0.%. Excluding the defense, the new orders decreased 9.4%,” said the press release. “The transport team, which also fell in two of the last three months, boosted the decrease, 32.6 billion dollars, or 22.4%, to 113.0 billion dollars.”
Market reaction
The dollar index (USD) preserves its bullish impulse after this report and negotiates about 97.80, winning 0.3% in the day.
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.
